## New names:
## • `` -> `...1`

Models comparison

Batteries

Count Batteries

0.01

                Formula: count_batteries~ gdp + pop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:41:16 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            9.4565e-01  1.4993e-02  63.0708 < 2.2e-16 ***      
                gdp            1.2302e-14  6.1456e-14   0.2002 0.8414471          
                pop            4.4354e-08  6.0324e-08   0.7353 0.4626000          
                idAUT          3.3111e+00  7.5918e+00   0.4361 0.6629676          
                idBEL          1.6962e-01  7.5758e+00   0.0224 0.9821483          
                idBRA         -8.8899e+00  1.2889e+01  -0.6897 0.4907589          
                idCAN          3.1564e+00  7.5937e+00   0.4157 0.6778778          
                idCHE          8.2446e-01  7.5942e+00   0.1086 0.9136014          
                idCHN         -2.4092e+01  7.8437e+01  -0.3072 0.7588846          
                idDEU          4.0177e+01  9.5706e+00   4.1980 3.308e-05 ***      
                idDNK         -1.9031e-01  7.6145e+00  -0.0250 0.9800730          
                idESP         -1.7292e+00  7.6778e+00  -0.2252 0.8219235          
                idFIN         -8.0690e-02  7.6116e+00  -0.0106 0.9915470          
                idFRA          9.2059e+00  8.0560e+00   1.1427 0.2538145          
                idGBR          4.8858e+00  7.9526e+00   0.6144 0.5393131          
                idIND         -5.4113e+01  7.2292e+01  -0.7485 0.4545686          
                idISR         -2.1315e-01  7.5962e+00  -0.0281 0.9776276          
                idITA         -1.0328e+00  7.8709e+00  -0.1312 0.8956643          
                idJPN         -3.0030e+01  3.3721e+01  -0.8905 0.3736997          
                idKOR          5.5960e+01  6.4900e+01   0.8623 0.3890545          
                idNLD         -5.3034e-01  7.5539e+00  -0.0702 0.9440627          
                idNOR         -3.3781e-01  7.6228e+00  -0.0443 0.9646746          
                idRUS         -6.9152e+00  1.0554e+01  -0.6552 0.5127040          
                idSGP          3.5856e-01  7.6148e+00   0.0471 0.9624666          
                idSWE          3.2166e-01  7.5912e+00   0.0424 0.9662226          
                idTWN          7.7818e+00  7.6044e+00   1.0233 0.3067562          
                idUSA          4.5895e+01  2.0353e+01   2.2549 0.0246662 *        
                time2001      -5.2582e+00  7.0999e+00  -0.7406 0.4593634          
                time2002      -9.4316e+00  7.0969e+00  -1.3290 0.1845977          
                time2003      -9.2108e+00  7.0895e+00  -1.2992 0.1946002          
                time2004       1.2806e+00  7.0918e+00   0.1806 0.8567928          
                time2005      -1.6405e+00  7.0892e+00  -0.2314 0.8171121          
                time2006      -4.5501e+00  7.1182e+00  -0.6392 0.5230341          
                time2007       4.2074e+00  7.1745e+00   0.5864 0.5578987          
                time2008      -3.1477e-01  7.1789e+00  -0.0438 0.9650481          
                time2009       1.1375e+01  7.2403e+00   1.5711 0.1169363          
                time2010       1.0417e+01  7.2537e+00   1.4362 0.1517237          
                time2011       6.4962e+00  7.2596e+00   0.8948 0.3713985          
                time2012       4.1716e-01  7.2488e+00   0.0575 0.9541370          
                time2013      -7.4695e+00  7.3822e+00  -1.0118 0.3122233          
                time2014      -4.7092e-01  7.2857e+00  -0.0646 0.9484948          
                time2015      -4.3912e+00  7.3034e+00  -0.6013 0.5480050          
                time2016       3.3453e+00  7.2824e+00   0.4594 0.6462111          
                time2017       1.4569e+01  7.2982e+00   1.9963 0.0465673 *        
                time2018       5.4812e+00  7.3455e+00   0.7462 0.4559713          
                time2019      -8.3979e+00  7.3910e+00  -1.1362 0.2565239          
                iis130         9.7645e+01  2.8242e+01   3.4574 0.0006027 ***      
                iis311         1.1839e+02  2.6670e+01   4.4391 1.164e-05 ***      
                iis313         2.2557e+02  3.1416e+01   7.1802 3.320e-12 ***      
                iis314         6.5915e+02  2.9431e+01  22.3963 < 2.2e-16 ***      
                iis315         4.4730e+02  2.6641e+01  16.7901 < 2.2e-16 ***      
                iis317        -3.1691e+02  2.6775e+01 -11.8362 < 2.2e-16 ***      
                iis321         2.7728e+02  3.4053e+01   8.1425 4.755e-15 ***      
                iis323        -5.7960e+02  3.3602e+01 -17.2490 < 2.2e-16 ***      
                iis332         1.6384e+02  3.4040e+01   4.8133 2.094e-06 ***      
                iis333         1.9226e+02  3.0352e+01   6.3344 6.300e-10 ***      
                iis336         2.0215e+02  2.6817e+01   7.5381 3.115e-13 ***      
                iis337        -2.6628e+02  2.6603e+01 -10.0096 < 2.2e-16 ***      
                iis338        -2.7026e+02  2.5792e+01 -10.4787 < 2.2e-16 ***      
                iis469         1.8911e+02  2.4514e+01   7.7142 9.433e-14 ***      
                fesisCHN.2016  1.8570e+02  1.8341e+01  10.1244 < 2.2e-16 ***      
                fesisJPN.2003  1.3086e+02  2.0608e+01   6.3499 5.750e-10 ***      
                fesisJPN.2008 -1.3964e+02  2.7008e+01  -5.1704 3.666e-07 ***      
                fesisJPN.2009  1.5100e+02  3.0754e+01   4.9098 1.321e-06 ***      
                fesisJPN.2017  1.1382e+02  2.7012e+01   4.2139 3.093e-05 ***      
                fesisKOR.2006 -7.2381e+01  2.1718e+01  -3.3328 0.0009384 ***      
                fesisKOR.2009  1.5729e+02  3.0436e+01   5.1680 3.712e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.65317  1 0.4189818          
                Ljung-Box ARCH(1) 13.42588  1 0.0002482 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    23.26235      
                R-squared            0.99747      
                Log-lik.(n=475)  -2135.24290      
0.05

                Formula: count_batteries~ gdp + pop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:41:24 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            9.4085e-01  9.3998e-03 100.0928 < 2.2e-16 ***      
                gdp           -8.0108e-14  4.8675e-14  -1.6458  0.100581          
                pop            2.4681e-07  9.7862e-08   2.5221  0.012048 *        
                idAUT          6.0051e+00  7.6092e+00   0.7892  0.430458          
                idBEL          2.3062e+00  7.5686e+00   0.3047  0.760749          
                idBRA         -4.3935e+01  1.8580e+01  -2.3646  0.018518 *        
                idCAN          8.8746e-01  7.5831e+00   0.1170  0.906893          
                idCHE          3.6260e+00  7.6178e+00   0.4760  0.634332          
                idCHN         -2.8363e+02  1.2758e+02  -2.2231  0.026757 *        
                idDEU          2.9657e+01  9.8290e+00   3.0173  0.002711 **       
                idDNK          3.1515e+00  7.6623e+00   0.4113  0.681072          
                idESP         -6.4911e+00  7.8275e+00  -0.8293  0.407437          
                idFIN          3.1456e+00  7.6644e+00   0.4104  0.681721          
                idFRA          9.7230e-01  8.5834e+00   0.1133  0.909866          
                idGBR         -3.1823e+00  8.4801e+00  -0.3753  0.707656          
                idIND         -2.6854e+02  1.1021e+02  -2.4366  0.015257 *        
                idISR          2.6650e+00  7.6216e+00   0.3497  0.726775          
                idITA         -8.4886e+00  8.3184e+00  -1.0205  0.308112          
                idJPN          1.5324e+02  2.8113e+01   5.4510 8.711e-08 ***      
                idKOR          1.1146e+02  5.5773e+01   1.9985  0.046327 *        
                idNLD          4.8344e-01  7.5087e+00   0.0644  0.948697          
                idNOR          3.2231e+00  7.6775e+00   0.4198  0.674843          
                idRUS         -2.4645e+01  1.4175e+01  -1.7386  0.082856 .        
                idSGP          3.6883e+00  7.6732e+00   0.4807  0.631005          
                idSWE          3.0841e+00  7.5943e+00   0.4061  0.684877          
                idTWN          7.8028e+00  7.5129e+00   1.0386  0.299620          
                idUSA         -7.8591e+00  2.9008e+01  -0.2709  0.786584          
                time2001      -7.9729e+00  7.1889e+00  -1.1091  0.268057          
                time2002      -1.1401e+01  7.2070e+00  -1.5819  0.114450          
                time2003      -1.2732e+01  7.2055e+00  -1.7670  0.077973 .        
                time2004      -8.0698e+00  7.2799e+00  -1.1085  0.268298          
                time2005      -5.0966e+00  7.2533e+00  -0.7027  0.482667          
                time2006      -1.0818e+01  7.2815e+00  -1.4856  0.138154          
                time2007       2.7765e+00  7.3192e+00   0.3793  0.704631          
                time2008      -5.7476e+00  7.3993e+00  -0.7768  0.437747          
                time2009       7.8451e+00  7.3064e+00   1.0737  0.283580          
                time2010       6.7643e+00  7.3366e+00   0.9220  0.357085          
                time2011       1.8392e+00  7.3431e+00   0.2505  0.802358          
                time2012      -4.3415e+00  7.3445e+00  -0.5911  0.554769          
                time2013      -1.1616e+01  7.5118e+00  -1.5464  0.122792          
                time2014      -5.0011e+00  7.4472e+00  -0.6715  0.502253          
                time2015      -9.0889e+00  7.4887e+00  -1.2137  0.225572          
                time2016      -1.1452e+00  7.4511e+00  -0.1537  0.877925          
                time2017       1.0841e+01  7.5377e+00   1.4382  0.151144          
                time2018       2.0596e+00  7.5739e+00   0.2719  0.785808          
                time2019      -1.3756e+01  7.6082e+00  -1.8080  0.071339 .        
                iis130         2.7517e+02  2.5009e+01  11.0028 < 2.2e-16 ***      
                iis131         1.6355e+02  2.5500e+01   6.4138 3.952e-10 ***      
                iis132         1.6025e+02  2.5920e+01   6.1824 1.539e-09 ***      
                iis133         2.0885e+02  2.6361e+01   7.9227 2.257e-14 ***      
                iis305        -1.4847e+02  2.5374e+01  -5.8513 1.005e-08 ***      
                iis306        -1.6687e+02  2.5502e+01  -6.5432 1.818e-10 ***      
                iis312        -1.5871e+02  2.4988e+01  -6.3513 5.729e-10 ***      
                iis313         2.1278e+02  2.5137e+01   8.4649 4.723e-16 ***      
                iis314         6.4977e+02  2.4884e+01  26.1126 < 2.2e-16 ***      
                iis315         4.4243e+02  2.5472e+01  17.3693 < 2.2e-16 ***      
                iis317        -3.1881e+02  2.6420e+01 -12.0670 < 2.2e-16 ***      
                iis321         2.7527e+02  3.3548e+01   8.2052 3.077e-15 ***      
                iis323        -5.7736e+02  3.3363e+01 -17.3053 < 2.2e-16 ***      
                iis327         1.4624e+02  2.5247e+01   5.7922 1.394e-08 ***      
                iis332         1.2651e+02  3.0681e+01   4.1234 4.529e-05 ***      
                iis333         1.6492e+02  2.8383e+01   5.8105 1.260e-08 ***      
                iis336         1.9045e+02  2.6215e+01   7.2648 1.926e-12 ***      
                iis337        -2.7164e+02  2.5926e+01 -10.4773 < 2.2e-16 ***      
                iis338        -2.7222e+02  2.5522e+01 -10.6659 < 2.2e-16 ***      
                iis469         1.8809e+02  2.4288e+01   7.7441 7.756e-14 ***      
                fesisIND.2009 -4.1051e+01  1.8809e+01  -2.1825  0.029642 *        
                fesisJPN.2017  1.1454e+02  2.6815e+01   4.2715 2.421e-05 ***      
                fesisKOR.2009  1.8531e+02  2.8960e+01   6.3986 4.328e-10 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                      Chi-sq df   p-value          
                Ljung-Box AR(1)    0.0001548  1    0.9901          
                Ljung-Box ARCH(1) 16.0006575  1 6.332e-05 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    23.08593      
                R-squared            0.99752      
                Log-lik.(n=475)  -2130.62681      

Log Count Batteries

0.01

                Formula: log_count_batteries~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:40:29 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.2629694  0.0386558  6.8028 3.615e-11 ***      
                lgdp           1.0796978  0.1526875  7.0713 6.597e-12 ***      
                lpop          -1.8323715  0.5294250 -3.4611 0.0005941 ***      
                idAUT         -0.0862810  0.4624248 -0.1866 0.8520785          
                idBEL         -0.0012572  0.3483938 -0.0036 0.9971226          
                idBRA          2.2512237  1.1013819  2.0440 0.0415874 *        
                idCAN          1.6529589  0.2561590  6.4529 3.079e-10 ***      
                idCHE         -0.5991634  0.5043696 -1.1879 0.2355377          
                idCHN          6.1199556  2.0152800  3.0368 0.0025428 **       
                idDEU          4.1832255  0.6993176  5.9819 4.784e-09 ***      
                idDNK         -3.2300308  0.7570394 -4.2667 2.463e-05 ***      
                idESP          1.3832696  0.4204991  3.2896 0.0010894 **       
                idFIN         -0.9286913  0.6748081 -1.3762 0.1694961          
                idFRA          3.2066339  0.5820541  5.5092 6.354e-08 ***      
                idGBR          2.8641341  0.5695001  5.0292 7.358e-07 ***      
                idIND          3.3374687  1.9371668  1.7229 0.0856623 .        
                idISR         -1.3379022  0.5408598 -2.4737 0.0137750 *        
                idITA          2.0564183  0.5313804  3.8700 0.0001265 ***      
                idJPN          0.6599998  0.9357865  0.7053 0.4810280          
                idKOR         -2.7837695  0.8787346 -3.1679 0.0016494 **       
                idNLD          0.8551521  0.1986495  4.3048 2.089e-05 ***      
                idNOR         -4.2569108  0.8584746 -4.9587 1.038e-06 ***      
                idRUS         -0.5712293  0.9086579 -0.6287 0.5299247          
                idSGP         -1.3713752  0.7237164 -1.8949 0.0588029 .        
                idSWE         -2.5369301  0.5316883 -4.7715 2.542e-06 ***      
                idTWN          2.0363479  0.1681809 12.1081 < 2.2e-16 ***      
                idUSA          5.2157765  1.3050140  3.9967 7.606e-05 ***      
                time2001       1.9406439  7.9397767  0.2444 0.8070266          
                time2002       1.7741456  7.9435817  0.2233 0.8233788          
                time2003       1.8800962  7.9465087  0.2366 0.8130891          
                time2004       1.8956354  7.9496893  0.2385 0.8116472          
                time2005       2.0077357  7.9528431  0.2525 0.8008149          
                time2006       2.1035634  7.9574828  0.2644 0.7916418          
                time2007       2.1892390  7.9623397  0.2749 0.7834928          
                time2008       2.1940424  7.9675334  0.2754 0.7831675          
                time2009       2.4509103  7.9713498  0.3075 0.7586445          
                time2010       2.5675341  7.9751016  0.3219 0.7476582          
                time2011       2.6558590  7.9785399  0.3329 0.7393973          
                time2012       2.6444612  7.9827450  0.3313 0.7406069          
                time2013       2.6717605  7.9862213  0.3345 0.7381372          
                time2014       2.5758152  7.9898485  0.3224 0.7473234          
                time2015       2.6059892  7.9944211  0.3260 0.7446076          
                time2016       2.7507061  7.9979308  0.3439 0.7310761          
                time2017       2.7994817  8.0007814  0.3499 0.7265913          
                time2018       2.9246770  8.0041075  0.3654 0.7150021          
                time2019       2.7338066  8.0048980  0.3415 0.7328883          
                iis74         -1.3769242  0.3410370 -4.0375 6.441e-05 ***      
                iis98         -0.9993545  0.3120536 -3.2025 0.0014678 **       
                iis153        -1.2005003  0.3191463 -3.7616 0.0001932 ***      
                iis274         1.3151596  0.3118174  4.2177 3.035e-05 ***      
                iis285        -1.1699073  0.3166254 -3.6949 0.0002496 ***      
                iis351        -0.8223680  0.3156088 -2.6057 0.0095012 **       
                iis367        -1.0010578  0.3125314 -3.2031 0.0014651 **       
                iis378         0.9412451  0.3123331  3.0136 0.0027408 **       
                iis385         1.0913902  0.3146482  3.4686 0.0005782 ***      
                fesisAUT.2009  0.6442568  0.1444635  4.4597 1.059e-05 ***      
                fesisBRA.2010 -0.8700991  0.1721007 -5.0558 6.456e-07 ***      
                fesisBRA.2015  0.8489734  0.2042615  4.1563 3.934e-05 ***      
                fesisDNK.2012 -1.2729440  0.2365428 -5.3815 1.241e-07 ***      
                fesisDNK.2014  1.1148697  0.2474338  4.5057 8.623e-06 ***      
                fesisNLD.2007 -0.5254895  0.1563256 -3.3615 0.0008474 ***      
                fesisRUS.2015 -0.8356962  0.1678316 -4.9794 9.389e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df p-value        
                Ljung-Box AR(1)   0.34309  1 0.55805        
                Ljung-Box ARCH(1) 3.79973  1 0.05126 .      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.29664      
                R-squared          0.97799      
                Log-lik.(n=475)  -65.76012      
0.05

                Formula: log_count_batteries~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:41:58 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.255394  0.035004  7.2961 1.637e-12 ***      
                lgdp           0.926090  0.150686  6.1458 1.946e-09 ***      
                lpop          -1.842867  0.521909 -3.5310 0.0004628 ***      
                idAUT         -0.399864  0.451035 -0.8865 0.3758621          
                idBEL         -0.171338  0.340137 -0.5037 0.6147314          
                idBRA          2.246655  1.086565  2.0677 0.0393220 *        
                idCAN          1.641947  0.244667  6.7110 6.730e-11 ***      
                idCHE         -0.797977  0.495364 -1.6109 0.1080020          
                idCHN          6.558843  1.980529  3.3117 0.0010128 **       
                idDEU          3.989169  0.705413  5.6551 2.992e-08 ***      
                idDNK         -3.327617  0.745884 -4.4613 1.064e-05 ***      
                idESP          1.359251  0.412889  3.2921 0.0010841 **       
                idFIN         -1.354584  0.661937 -2.0464 0.0413793 *        
                idFRA          3.229599  0.565702  5.7090 2.235e-08 ***      
                idGBR          2.857144  0.555105  5.1470 4.181e-07 ***      
                idIND          3.939392  1.901484  2.0717 0.0389376 *        
                idISR         -1.468976  0.532274 -2.7598 0.0060528 **       
                idITA          2.034488  0.520001  3.9125 0.0001075 ***      
                idJPN          1.558862  0.913744  1.7060 0.0887912 .        
                idKOR         -1.751729  0.870555 -2.0122 0.0448773 *        
                idNLD          0.662712  0.185302  3.5764 0.0003916 ***      
                idNOR         -4.185602  0.844545 -4.9560 1.069e-06 ***      
                idRUS         -0.169286  0.886660 -0.1909 0.8486818          
                idSGP         -2.210034  0.772204 -2.8620 0.0044340 **       
                idSWE         -2.457492  0.524301 -4.6872 3.819e-06 ***      
                idTWN          1.924786  0.155079 12.4116 < 2.2e-16 ***      
                idUSA          5.587500  1.272811  4.3899 1.458e-05 ***      
                time2001       6.455647  7.782333  0.8295 0.4073079          
                time2002       6.273437  7.786075  0.8057 0.4208861          
                time2003       6.484743  7.789816  0.8325 0.4056499          
                time2004       6.474916  7.791410  0.8310 0.4064572          
                time2005       6.553217  7.793261  0.8409 0.4009225          
                time2006       6.671563  7.796825  0.8557 0.3926952          
                time2007       6.739532  7.803883  0.8636 0.3883248          
                time2008       6.778882  7.808185  0.8682 0.3858250          
                time2009       7.001926  7.812570  0.8962 0.3706713          
                time2010       7.121988  7.816010  0.9112 0.3627430          
                time2011       7.184531  7.818734  0.9189 0.3587156          
                time2012       7.174876  7.823559  0.9171 0.3596572          
                time2013       7.243987  7.826336  0.9256 0.3552237          
                time2014       7.174137  7.829160  0.9163 0.3600501          
                time2015       7.182003  7.833998  0.9168 0.3598206          
                time2016       7.311999  7.837801  0.9329 0.3514340          
                time2017       7.340949  7.840141  0.9363 0.3496761          
                time2018       7.484825  7.843217  0.9543 0.3405127          
                time2019       7.296163  7.843764  0.9302 0.3528427          
                iis4          -0.856368  0.274288 -3.1221 0.0019275 **       
                iis41         -1.006182  0.272290 -3.6953 0.0002506 ***      
                iis54         -0.962807  0.272110 -3.5383 0.0004506 ***      
                iis59          0.656348  0.280744  2.3379 0.0198916 *        
                iis74         -1.008608  0.327114 -3.0834 0.0021906 **       
                iis98         -1.078712  0.272523 -3.9582 8.953e-05 ***      
                iis153        -1.109894  0.275145 -4.0339 6.588e-05 ***      
                iis164        -0.997903  0.272702 -3.6593 0.0002872 ***      
                iis165        -1.416508  0.274211 -5.1658 3.807e-07 ***      
                iis177        -0.813278  0.273657 -2.9719 0.0031409 **       
                iis179        -0.733643  0.272601 -2.6913 0.0074205 **       
                iis191         0.896562  0.272535  3.2897 0.0010929 **       
                iis274         1.276733  0.272275  4.6891 3.785e-06 ***      
                iis285        -1.114546  0.277408 -4.0177 7.036e-05 ***      
                iis351        -0.822671  0.275297 -2.9883 0.0029805 **       
                iis367        -1.066403  0.273763 -3.8953 0.0001151 ***      
                iis375        -0.858932  0.272638 -3.1505 0.0017543 **       
                iis378         0.927992  0.272998  3.3993 0.0007445 ***      
                iis382         0.817829  0.280776  2.9127 0.0037862 **       
                iis385         1.240749  0.277716  4.4677 1.034e-05 ***      
                iis386         0.665478  0.279570  2.3804 0.0177691 *        
                iis392         0.563079  0.278657  2.0207 0.0439863 *        
                iis410         0.793007  0.274227  2.8918 0.0040423 **       
                fesisAUT.2009  0.649714  0.146009  4.4498 1.119e-05 ***      
                fesisAUT.2015 -0.749582  0.285539 -2.6252 0.0089973 **       
                fesisAUT.2016  1.003814  0.295464  3.3974 0.0007494 ***      
                fesisBRA.2010 -0.755191  0.153894 -4.9072 1.353e-06 ***      
                fesisBRA.2015  1.182694  0.222522  5.3150 1.788e-07 ***      
                fesisBRA.2017 -0.679551  0.265433 -2.5602 0.0108335 *        
                fesisCHN.2016  0.417697  0.172312  2.4241 0.0157957 *        
                fesisDEU.2007  0.401427  0.138379  2.9009 0.0039288 **       
                fesisNLD.2007 -0.511803  0.136844 -3.7400 0.0002112 ***      
                fesisRUS.2015 -0.650835  0.152199 -4.2762 2.387e-05 ***      
                fesisSGP.2004  0.576018  0.179638  3.2065 0.0014528 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df p-value        
                Ljung-Box AR(1)   0.053124  1 0.81771        
                Ljung-Box ARCH(1) 3.401648  1 0.06513 .      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                              
                SE of regression 0.25874      
                R-squared        0.98399      
                Log-lik.(n=475)  8.18005      

Ihs Count Batteries

0.01

                Formula: ihs_count_batteries~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:44:55 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.236366  0.036614  6.4557 3.049e-10 ***      
                lgdp           1.010185  0.165308  6.1109 2.306e-09 ***      
                lpop          -1.868980  0.605219 -3.0881 0.0021513 **       
                idAUT         -0.256028  0.543323 -0.4712 0.6377295          
                idBEL         -0.047777  0.409912 -0.1166 0.9072699          
                idBRA          2.083963  1.270921  1.6397 0.1018290          
                idCAN          1.779751  0.288301  6.1732 1.610e-09 ***      
                idCHE         -0.664676  0.587523 -1.1313 0.2585817          
                idCHN          6.651066  2.335790  2.8475 0.0046286 **       
                idDEU          4.437661  0.793585  5.5919 4.108e-08 ***      
                idDNK         -3.433195  0.862279 -3.9815 8.099e-05 ***      
                idESP          1.296802  0.476016  2.7243 0.0067197 **       
                idFIN         -1.236075  0.791177 -1.5623 0.1189829          
                idFRA          3.393930  0.660640  5.1373 4.318e-07 ***      
                idGBR          3.014013  0.646790  4.6600 4.283e-06 ***      
                idIND          3.778825  2.259925  1.6721 0.0952671 .        
                idISR         -1.400352  0.624666 -2.2418 0.0255109 *        
                idITA          2.138468  0.606338  3.5269 0.0004680 ***      
                idJPN          1.345167  1.098768  1.2243 0.2215608          
                idKOR         -2.093078  0.992109 -2.1097 0.0354874 *        
                idNLD          0.844913  0.226808  3.7252 0.0002225 ***      
                idNOR         -4.352986  0.969881 -4.4882 9.346e-06 ***      
                idRUS         -0.219781  1.071267 -0.2052 0.8375491          
                idSGP         -2.412374  0.925232 -2.6073 0.0094584 **       
                idSWE         -2.510752  0.595216 -4.2182 3.033e-05 ***      
                idTWN          2.122340  0.177409 11.9630 < 2.2e-16 ***      
                idUSA          5.664596  1.506940  3.7590 0.0001954 ***      
                time2001       4.956185  9.353576  0.5299 0.5964884          
                time2002       4.747762  9.358203  0.5073 0.6121912          
                time2003       4.929433  9.361911  0.5265 0.5987969          
                time2004       4.851531  9.362591  0.5182 0.6046105          
                time2005       5.019004  9.366292  0.5359 0.5923471          
                time2006       5.138092  9.371696  0.5483 0.5838143          
                time2007       5.240198  9.377324  0.5588 0.5765924          
                time2008       5.240836  9.383250  0.5585 0.5767867          
                time2009       5.522958  9.387454  0.5883 0.5566321          
                time2010       5.655577  9.391690  0.6022 0.5473809          
                time2011       5.755483  9.395602  0.6126 0.5404990          
                time2012       5.737820  9.400059  0.6104 0.5419334          
                time2013       5.788131  9.404278  0.6155 0.5385802          
                time2014       5.716833  9.407775  0.6077 0.5437420          
                time2015       5.715846  9.413495  0.6072 0.5440563          
                time2016       5.911350  9.417834  0.6277 0.5305655          
                time2017       5.965852  9.421364  0.6332 0.5269392          
                time2018       6.065001  9.424781  0.6435 0.5202489          
                time2019       5.861696  9.425488  0.6219 0.5343544          
                iis41         -1.369230  0.347125 -3.9445 9.406e-05 ***      
                iis54         -1.116702  0.346772 -3.2203 0.0013827 **       
                iis74         -1.817356  0.379391 -4.7902 2.332e-06 ***      
                iis98         -1.282930  0.347428 -3.6926 0.0002520 ***      
                iis153        -1.556618  0.350132 -4.4458 1.129e-05 ***      
                iis164        -1.263645  0.347310 -3.6384 0.0003094 ***      
                iis165        -1.832958  0.349440 -5.2454 2.505e-07 ***      
                iis274         1.411279  0.346810  4.0693 5.658e-05 ***      
                iis285        -1.242008  0.352886 -3.5196 0.0004807 ***      
                iis351        -0.937014  0.350923 -2.6701 0.0078833 **       
                iis367        -1.446814  0.347697 -4.1611 3.861e-05 ***      
                iis375        -1.144638  0.346952 -3.2991 0.0010546 **       
                iis385         1.193160  0.349996  3.4091 0.0007164 ***      
                fesisAUT.2009  0.722412  0.160423  4.5032 8.739e-06 ***      
                fesisBRA.2010 -0.992694  0.190834 -5.2019 3.123e-07 ***      
                fesisBRA.2015  1.130114  0.227246  4.9731 9.708e-07 ***      
                fesisNLD.2007 -0.589370  0.173168 -3.4035 0.0007309 ***      
                fesisRUS.2015 -0.904764  0.185304 -4.8826 1.503e-06 ***      
                fesisSGP.2004  0.933627  0.227822  4.0981 5.023e-05 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df  p-value         
                Ljung-Box AR(1)    0.44237  1 0.505982         
                Ljung-Box ARCH(1) 10.25252  1 0.001365 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.32992      
                R-squared           0.97609      
                Log-lik.(n=475)  -114.76552      
0.05

                Formula: ihs_count_batteries~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:45:11 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.262189  0.033813  7.7541 7.830e-14 ***      
                lgdp           1.034035  0.146883  7.0398 8.728e-12 ***      
                lpop          -2.165412  0.578329 -3.7443 0.0002082 ***      
                idAUT         -0.478951  0.523224 -0.9154 0.3605557          
                idBEL         -0.267154  0.389931 -0.6851 0.4936681          
                idBRA          2.604217  1.219745  2.1350 0.0333796 *        
                idCAN          2.101572  0.281920  7.4545 5.886e-13 ***      
                idCHE         -1.010256  0.565036 -1.7880 0.0745602 .        
                idCHN          7.661846  2.235108  3.4280 0.0006729 ***      
                idDEU          4.673583  0.750451  6.2277 1.226e-09 ***      
                idDNK         -3.874656  0.820234 -4.7238 3.235e-06 ***      
                idESP          1.582682  0.449961  3.5174 0.0004872 ***      
                idFIN         -0.629443  0.797904 -0.7889 0.4306668          
                idFRA          3.597081  0.624829  5.7569 1.737e-08 ***      
                idGBR          3.227727  0.612319  5.2713 2.248e-07 ***      
                idIND          4.819415  2.168835  2.2221 0.0268482 *        
                idISR         -1.665100  0.658104 -2.5301 0.0117942 *        
                idITA          2.361372  0.575813  4.1009 5.011e-05 ***      
                idJPN          1.539780  1.020127  1.5094 0.1320061          
                idKOR         -2.175598  0.884878 -2.4586 0.0143801 *        
                idNLD          0.714408  0.210579  3.3926 0.0007632 ***      
                idNOR         -5.362735  0.953640 -5.6234 3.574e-08 ***      
                idRUS          0.060728  1.017026  0.0597 0.9524157          
                idSGP         -2.574337  0.890314 -2.8915 0.0040488 **       
                idSWE         -2.837561  0.562238 -5.0469 6.901e-07 ***      
                idTWN          2.045143  0.158963 12.8655 < 2.2e-16 ***      
                idUSA          6.230237  1.436132  4.3382 1.832e-05 ***      
                time2001       9.238643  8.962080  1.0309 0.3032457          
                time2002       9.003765  8.966066  1.0042 0.3159026          
                time2003       9.248681  8.971416  1.0309 0.3032241          
                time2004       9.282743  8.972000  1.0346 0.3014806          
                time2005       9.371857  8.973211  1.0444 0.2969351          
                time2006       9.486949  8.974254  1.0571 0.2911069          
                time2007       9.572610  8.979704  1.0660 0.2870708          
                time2008       9.611378  8.984987  1.0697 0.2854091          
                time2009       9.858175  8.989013  1.0967 0.2734529          
                time2010       9.981345  8.992429  1.1100 0.2676950          
                time2011      10.040773  8.995141  1.1162 0.2650050          
                time2012      10.057290  8.999620  1.1175 0.2644584          
                time2013      10.109022  9.003612  1.1228 0.2622242          
                time2014      10.038285  9.007143  1.1145 0.2657595          
                time2015      10.018963  9.012378  1.1117 0.2669567          
                time2016      10.214093  9.016354  1.1328 0.2579771          
                time2017      10.238885  9.019038  1.1353 0.2569668          
                time2018      10.397478  9.022232  1.1524 0.2498509          
                time2019      10.190805  9.023124  1.1294 0.2594192          
                iis4          -1.075365  0.307875 -3.4929 0.0005326 ***      
                iis24         -0.662184  0.316164 -2.0944 0.0368661 *        
                iis41         -1.349971  0.304642 -4.4313 1.219e-05 ***      
                iis54         -1.100499  0.303678 -3.6239 0.0003286 ***      
                iis59          0.793778  0.313708  2.5303 0.0117887 *        
                iis74         -1.387737  0.365810 -3.7936 0.0001720 ***      
                iis98         -1.288380  0.305206 -4.2213 3.024e-05 ***      
                iis153        -1.531505  0.307701 -4.9772 9.697e-07 ***      
                iis164        -1.266951  0.304079 -4.1665 3.812e-05 ***      
                iis165        -1.808936  0.306226 -5.9072 7.585e-09 ***      
                iis177        -1.040381  0.305476 -3.4058 0.0007283 ***      
                iis179        -0.917318  0.304357 -3.0140 0.0027471 **       
                iis194        -1.013046  0.304631 -3.3255 0.0009663 ***      
                iis274         1.317074  0.308625  4.2676 2.484e-05 ***      
                iis285        -1.259728  0.310565 -4.0562 6.024e-05 ***      
                iis351        -0.956005  0.307243 -3.1116 0.0019980 **       
                iis367        -1.455742  0.310656 -4.6860 3.855e-06 ***      
                iis375        -1.109445  0.308236 -3.5993 0.0003601 ***      
                iis378         1.080931  0.308443  3.5045 0.0005106 ***      
                iis382         0.927532  0.311722  2.9755 0.0031071 **       
                iis385         1.314946  0.309474  4.2490 2.689e-05 ***      
                iis386         0.681168  0.310742  2.1921 0.0289653 *        
                iis402        -0.726812  0.362677 -2.0040 0.0457591 *        
                iis410         0.910886  0.306174  2.9751 0.0031116 **       
                fesisAUT.2009  0.626477  0.146022  4.2903 2.253e-05 ***      
                fesisBRA.2010 -0.876729  0.171665 -5.1072 5.125e-07 ***      
                fesisBRA.2015  1.545488  0.248381  6.2222 1.265e-09 ***      
                fesisBRA.2017 -0.832873  0.296370 -2.8102 0.0051999 **       
                fesisCAN.2006 -0.391517  0.157456 -2.4865 0.0133175 *        
                fesisFIN.2002 -1.010403  0.304837 -3.3146 0.0010037 **       
                fesisISR.2005 -0.938460  0.331324 -2.8325 0.0048589 **       
                fesisISR.2006  0.877467  0.311293  2.8188 0.0050663 **       
                fesisNLD.2007 -0.573754  0.152617 -3.7594 0.0001964 ***      
                fesisNOR.2003  0.966965  0.366297  2.6398 0.0086273 **       
                fesisNOR.2004 -1.088773  0.420005 -2.5923 0.0098923 **       
                fesisNOR.2005  1.311638  0.419100  3.1297 0.0018818 **       
                fesisNOR.2006 -0.696110  0.309876 -2.2464 0.0252367 *        
                fesisRUS.2015 -0.766579  0.165287 -4.6379 4.812e-06 ***      
                fesisSGP.2004  0.587480  0.235164  2.4982 0.0128943 *        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   1.9029  1 0.16775        
                Ljung-Box ARCH(1) 6.3288  1 0.01188 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.28882      
                R-squared          0.98257      
                Log-lik.(n=475)  -41.56384      

Max Count Batteries

0.01

                Formula: max_count_batteries~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:45:57 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error   t-stat   p-value          
                ar1            0.9358058  0.0099633  93.9249 < 2.2e-16 ***      
                lgdp           0.0055439  0.0047362   1.1705  0.242464          
                lpop          -0.0218821  0.0163878  -1.3353  0.182529          
                idAUT         -0.0112005  0.0139044  -0.8055  0.420977          
                idBEL         -0.0076689  0.0104169  -0.7362  0.462035          
                idBRA          0.0428685  0.0341563   1.2551  0.210169          
                idCAN          0.0102711  0.0074552   1.3777  0.169045          
                idCHE         -0.0170979  0.0153778  -1.1119  0.266853          
                idCHN          0.0853248  0.0614930   1.3876  0.166027          
                idDEU          0.0422591  0.0208997   2.0220  0.043826 *        
                idDNK         -0.0315789  0.0232209  -1.3599  0.174597          
                idESP          0.0178012  0.0132142   1.3471  0.178682          
                idFIN         -0.0199105  0.0203117  -0.9803  0.327541          
                idFRA          0.0264361  0.0174138   1.5181  0.129757          
                idGBR          0.0248923  0.0172062   1.4467  0.148743          
                idIND          0.0666651  0.0589764   1.1304  0.258981          
                idISR         -0.0207544  0.0165608  -1.2532  0.210840          
                idITA          0.0215219  0.0163050   1.3200  0.187585          
                idJPN          0.0590804  0.0299450   1.9730  0.049171 *        
                idKOR         -0.0018974  0.0277469  -0.0684  0.945516          
                idNLD         -0.0014953  0.0052270  -0.2861  0.774973          
                idNOR         -0.0365741  0.0262976  -1.3908  0.165048          
                idRUS          0.0195353  0.0269177   0.7257  0.468411          
                idSGP         -0.0240086  0.0219184  -1.0954  0.274000          
                idSWE         -0.0234285  0.0165821  -1.4129  0.158450          
                idTWN          0.0070407  0.0041474   1.6976  0.090337 .        
                idUSA          0.0680570  0.0396406   1.7168  0.086762 .        
                time2001       0.2122693  0.2387154   0.8892  0.374409          
                time2002       0.2110896  0.2388183   0.8839  0.377273          
                time2003       0.2107035  0.2389008   0.8820  0.378309          
                time2004       0.2144701  0.2389962   0.8974  0.370044          
                time2005       0.2134464  0.2391088   0.8927  0.372555          
                time2006       0.2113493  0.2392240   0.8835  0.377496          
                time2007       0.2162421  0.2393477   0.9035  0.366810          
                time2008       0.2133682  0.2395082   0.8909  0.373527          
                time2009       0.2186320  0.2396506   0.9123  0.362149          
                time2010       0.2183047  0.2397735   0.9105  0.363114          
                time2011       0.2169055  0.2398855   0.9042  0.366418          
                time2012       0.2149186  0.2400413   0.8953  0.371131          
                time2013       0.2121433  0.2401225   0.8835  0.377495          
                time2014       0.2147566  0.2402423   0.8939  0.371891          
                time2015       0.2134219  0.2403469   0.8880  0.375075          
                time2016       0.2163412  0.2404502   0.8997  0.368790          
                time2017       0.2204861  0.2405530   0.9166  0.359901          
                time2018       0.2173241  0.2406698   0.9030  0.367058          
                time2019       0.2124003  0.2407715   0.8822  0.378204          
                iis130         0.0340937  0.0104804   3.2531  0.001236 **       
                iis305        -0.0526448  0.0096394  -5.4614 8.205e-08 ***      
                iis306        -0.0594245  0.0096836  -6.1366 1.989e-09 ***      
                iis312        -0.0573233  0.0094914  -6.0395 3.468e-09 ***      
                iis313         0.0780272  0.0095462   8.1737 3.766e-15 ***      
                iis314         0.2361335  0.0094522  24.9819 < 2.2e-16 ***      
                iis315         0.1618243  0.0096783  16.7203 < 2.2e-16 ***      
                iis317        -0.1143766  0.0100262 -11.4077 < 2.2e-16 ***      
                iis321         0.0992477  0.0127282   7.7975 5.272e-14 ***      
                iis323        -0.2098944  0.0126601 -16.5793 < 2.2e-16 ***      
                iis332         0.0557188  0.0101106   5.5110 6.319e-08 ***      
                iis333         0.0672845  0.0098548   6.8276 3.124e-11 ***      
                iis336         0.0730898  0.0096873   7.5449 2.950e-13 ***      
                iis337        -0.0955747  0.0097251  -9.8276 < 2.2e-16 ***      
                iis338        -0.0976002  0.0096753 -10.0876 < 2.2e-16 ***      
                iis469         0.0692933  0.0092264   7.5104 3.722e-13 ***      
                fesisCHN.2016  0.0671700  0.0067306   9.9798 < 2.2e-16 ***      
                fesisJPN.2017  0.0415864  0.0101577   4.0941 5.107e-05 ***      
                fesisKOR.2009  0.0445884  0.0057653   7.7339 8.164e-14 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.81256  1 0.3673644          
                Ljung-Box ARCH(1) 10.83782  1 0.0009945 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00877      
                R-squared           0.99726      
                Log-lik.(n=475)  1608.36962      
0.05

                Formula: max_count_batteries~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:45:57 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error   t-stat   p-value          
                ar1            0.9256844  0.0092144 100.4604 < 2.2e-16 ***      
                lgdp           0.0090266  0.0040648   2.2207 0.0269279 *        
                lpop          -0.0447472  0.0141532  -3.1616 0.0016873 **       
                idAUT         -0.0275932  0.0119515  -2.3088 0.0214610 *        
                idBEL         -0.0188294  0.0089407  -2.1060 0.0358167 *        
                idBRA          0.0899773  0.0294798   3.0522 0.0024220 **       
                idCAN          0.0198978  0.0064279   3.0956 0.0021013 **       
                idCHE         -0.0372730  0.0132511  -2.8128 0.0051504 **       
                idCHN          0.1686504  0.0530486   3.1792 0.0015907 **       
                idDEU          0.0772801  0.0181159   4.2659 2.483e-05 ***      
                idDNK         -0.0637619  0.0200544  -3.1794 0.0015892 **       
                idESP          0.0357084  0.0114090   3.1298 0.0018761 **       
                idFIN         -0.0451078  0.0174780  -2.5808 0.0102080 *        
                idFRA          0.0504739  0.0150395   3.3561 0.0008654 ***      
                idGBR          0.0486149  0.0148575   3.2721 0.0011593 **       
                idIND          0.1450793  0.0508349   2.8539 0.0045404 **       
                idISR         -0.0432528  0.0142871  -3.0274 0.0026247 **       
                idITA          0.0439231  0.0140760   3.1204 0.0019356 **       
                idJPN          0.0846451  0.0257471   3.2876 0.0010990 **       
                idKOR          0.0041203  0.0237209   0.1737 0.8621903          
                idNLD         -0.0048018  0.0044668  -1.0750 0.2830164          
                idNOR         -0.0730064  0.0227162  -3.2138 0.0014148 **       
                idRUS          0.0490676  0.0231100   2.1232 0.0343431 *        
                idSGP         -0.0526481  0.0188843  -2.7879 0.0055552 **       
                idSWE         -0.0458169  0.0143212  -3.1992 0.0014866 **       
                idTWN          0.0102236  0.0035596   2.8721 0.0042919 **       
                idUSA          0.1089643  0.0339899   3.2058 0.0014540 **       
                time2001       0.4999679  0.2052852   2.4355 0.0153037 *        
                time2002       0.4988787  0.2053734   2.4291 0.0155703 *        
                time2003       0.4984796  0.2054404   2.4264 0.0156864 *        
                time2004       0.5022659  0.2055213   2.4439 0.0149578 *        
                time2005       0.5013270  0.2056182   2.4381 0.0151930 *        
                time2006       0.5003241  0.2057172   2.4321 0.0154452 *        
                time2007       0.5052776  0.2058224   2.4549 0.0145123 *        
                time2008       0.5026982  0.2059636   2.4407 0.0150869 *        
                time2009       0.5065533  0.2060690   2.4582 0.0143834 *        
                time2010       0.5063173  0.2061751   2.4558 0.0144788 *        
                time2011       0.5050187  0.2062714   2.4483 0.0147767 *        
                time2012       0.5033914  0.2064117   2.4388 0.0151670 *        
                time2013       0.5033767  0.2064990   2.4377 0.0152126 *        
                time2014       0.5034122  0.2065835   2.4368 0.0152469 *        
                time2015       0.5046097  0.2066907   2.4414 0.0150597 *        
                time2016       0.5052041  0.2067610   2.4434 0.0149759 *        
                time2017       0.5095694  0.2068510   2.4635 0.0141762 *        
                time2018       0.5065824  0.2069480   2.4479 0.0147949 *        
                time2019       0.5010278  0.2070321   2.4200 0.0159588 *        
                iis130         0.1007087  0.0081951  12.2888 < 2.2e-16 ***      
                iis131         0.0621582  0.0083538   7.4407 6.077e-13 ***      
                iis132         0.0618415  0.0085075   7.2690 1.888e-12 ***      
                iis133         0.0801266  0.0086802   9.2309 < 2.2e-16 ***      
                iis146        -0.0518289  0.0079356  -6.5312 1.965e-10 ***      
                iis148        -0.0581615  0.0078916  -7.3701 9.710e-13 ***      
                iis305        -0.0536188  0.0082527  -6.4971 2.412e-10 ***      
                iis306        -0.0606760  0.0082987  -7.3115 1.429e-12 ***      
                iis312        -0.0589729  0.0081019  -7.2789 1.769e-12 ***      
                iis313         0.0776486  0.0081476   9.5302 < 2.2e-16 ***      
                iis314         0.2366304  0.0080572  29.3689 < 2.2e-16 ***      
                iis315         0.1648085  0.0082943  19.8702 < 2.2e-16 ***      
                iis317        -0.1133347  0.0086538 -13.0965 < 2.2e-16 ***      
                iis321         0.0979773  0.0108718   9.0121 < 2.2e-16 ***      
                iis323        -0.2089169  0.0108014 -19.3417 < 2.2e-16 ***      
                iis332         0.0532903  0.0086785   6.1405 1.969e-09 ***      
                iis333         0.0658118  0.0084249   7.8116 4.922e-14 ***      
                iis336         0.0705829  0.0082651   8.5398 2.766e-16 ***      
                iis337        -0.0944030  0.0082976 -11.3772 < 2.2e-16 ***      
                iis338        -0.0996186  0.0082549 -12.0678 < 2.2e-16 ***      
                iis469         0.0569488  0.0080247   7.0967 5.776e-12 ***      
                fesisJPN.2017  0.0449038  0.0087752   5.1171 4.806e-07 ***      
                fesisKOR.2006 -0.0257219  0.0056021  -4.5915 5.887e-06 ***      
                fesisKOR.2009  0.0637315  0.0059846  10.6492 < 2.2e-16 ***      
                fesisUSA.2009  0.0241921  0.0038906   6.2181 1.257e-09 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value         
                Ljung-Box AR(1)   1.8317  1 0.17593         
                Ljung-Box ARCH(1) 7.5088  1 0.00614 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00747      
                R-squared           0.99804      
                Log-lik.(n=475)  1687.24415      

Ccmt

Count Ccmt

0.01

                Formula: count_ccmt~ gdp + pop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:41:13 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            9.0649e-01  1.6803e-02  53.9480 < 2.2e-16 ***      
                gdp           -1.1783e-13  1.5397e-13  -0.7653 0.4445468          
                pop            3.0790e-07  1.9628e-07   1.5687 0.1174986          
                idAUT          1.3410e+01  2.4839e+01   0.5399 0.5895702          
                idBEL         -2.7382e+00  2.4805e+01  -0.1104 0.9121558          
                idBRA         -6.7643e+01  4.2183e+01  -1.6036 0.1095940          
                idCAN          3.6315e+01  2.5261e+01   1.4376 0.1513193          
                idCHE          7.8792e+00  2.4844e+01   0.3171 0.7512957          
                idCHN         -1.9747e+02  2.5468e+02  -0.7754 0.4385690          
                idDEU          2.1929e+02  5.1208e+01   4.2823 2.315e-05 ***      
                idDNK          2.2641e+01  2.4926e+01   0.9083 0.3642491          
                idESP         -5.0629e+00  2.5109e+01  -0.2016 0.8403011          
                idFIN          1.4026e+00  2.4914e+01   0.0563 0.9551309          
                idFRA          1.0620e+02  2.9420e+01   3.6098 0.0003451 ***      
                idGBR          6.2554e+01  2.7514e+01   2.2736 0.0235174 *        
                idIND         -3.4217e+02  2.3767e+02  -1.4397 0.1507293          
                idISR          4.6289e-01  2.4858e+01   0.0186 0.9851527          
                idITA          1.6850e+01  2.5901e+01   0.6505 0.5157170          
                idJPN          6.9008e+02  9.9440e+01   6.9397 1.576e-11 ***      
                idKOR          4.0631e+02  1.7197e+02   2.3627 0.0186149 *        
                idNLD          1.8755e+01  2.4801e+01   0.7562 0.4499685          
                idNOR         -7.1361e+00  2.5019e+01  -0.2852 0.7756139          
                idRUS         -4.1805e+01  3.5034e+01  -1.1933 0.2334573          
                idSGP         -9.0657e+00  2.5011e+01  -0.3625 0.7171958          
                idSWE          1.3727e+01  2.4830e+01   0.5528 0.5806836          
                idTWN          6.3310e+01  2.5532e+01   2.4797 0.0135586 *        
                idUSA          4.3487e+02  8.5282e+01   5.0992 5.259e-07 ***      
                time2001      -1.2316e+01  2.3216e+01  -0.5305 0.5960666          
                time2002      -2.5689e+01  2.3207e+01  -1.1069 0.2689763          
                time2003      -1.2609e+01  2.3400e+01  -0.5388 0.5903107          
                time2004       2.4870e+01  2.3243e+01   1.0700 0.2852518          
                time2005       1.6065e+01  2.3218e+01   0.6919 0.4893806          
                time2006       2.2111e+01  2.3249e+01   0.9511 0.3421408          
                time2007       4.3922e+01  2.3555e+01   1.8646 0.0629612 .        
                time2008       4.8629e+01  2.3678e+01   2.0537 0.0406462 *        
                time2009       5.5602e+01  2.4142e+01   2.3031 0.0217800 *        
                time2010       8.0232e+01  2.4272e+01   3.3056 0.0010328 **       
                time2011       3.6736e+01  2.4760e+01   1.4837 0.1386649          
                time2012       1.4720e+01  2.4572e+01   0.5991 0.5494685          
                time2013      -5.1732e+01  2.4473e+01  -2.1138 0.0351428 *        
                time2014      -8.3139e+00  2.4294e+01  -0.3422 0.7323602          
                time2015      -5.7788e+00  2.4295e+01  -0.2379 0.8121103          
                time2016       3.2640e+01  2.4165e+01   1.3507 0.1775440          
                time2017       4.8977e+01  2.4530e+01   1.9966 0.0465356 *        
                time2018       3.4356e+01  2.4426e+01   1.4065 0.1603453          
                time2019      -3.3893e+01  2.4747e+01  -1.3696 0.1715684          
                iis130         8.6251e+02  9.0123e+01   9.5704 < 2.2e-16 ***      
                iis131         7.0186e+02  9.3496e+01   7.5069 3.924e-13 ***      
                iis132         5.7137e+02  9.7843e+01   5.8396 1.078e-08 ***      
                iis133         5.0481e+02  1.0199e+02   4.9498 1.094e-06 ***      
                iis307         2.5138e+02  8.4422e+01   2.9777 0.0030794 **       
                iis313         5.2550e+02  9.2531e+01   5.6792 2.595e-08 ***      
                iis314         1.7824e+03  8.8649e+01  20.1065 < 2.2e-16 ***      
                iis315         9.6594e+02  8.3140e+01  11.6182 < 2.2e-16 ***      
                iis323        -1.2746e+03  8.3209e+01 -15.3182 < 2.2e-16 ***      
                iis332         3.6021e+02  9.3347e+01   3.8588 0.0001326 ***      
                iis338        -5.7913e+02  8.3109e+01  -6.9683 1.315e-11 ***      
                iis340        -5.4828e+02  8.5088e+01  -6.4437 3.331e-10 ***      
                iis463         3.0853e+02  8.4808e+01   3.6380 0.0003104 ***      
                iis470        -7.9384e+02  9.6352e+01  -8.2389 2.460e-15 ***      
                iis473        -4.3947e+02  9.5274e+01  -4.6126 5.348e-06 ***      
                iis474        -4.2897e+02  9.5461e+01  -4.4937 9.159e-06 ***      
                iis475        -7.1704e+02  9.6257e+01  -7.4492 5.768e-13 ***      
                fesisCHN.2013  1.8208e+02  5.5039e+01   3.3081 0.0010236 **       
                fesisDEU.2006  3.4053e+02  5.0169e+01   6.7878 4.088e-11 ***      
                fesisDEU.2012 -3.2785e+02  4.3037e+01  -7.6179 1.858e-13 ***      
                fesisJPN.2008 -4.9364e+02  8.4838e+01  -5.8186 1.211e-08 ***      
                fesisJPN.2009  4.7160e+02  8.9972e+01   5.2417 2.573e-07 ***      
                fesisKOR.2009  4.0795e+02  8.0877e+01   5.0441 6.905e-07 ***      
                fesisUSA.2005  4.6659e+02  6.2941e+01   7.4131 7.331e-13 ***      
                fesisUSA.2012  4.7792e+02  7.3992e+01   6.4591 3.038e-10 ***      
                fesisUSA.2014 -7.4428e+02  7.7759e+01  -9.5715 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df  p-value          
                Ljung-Box AR(1)    7.433  1 0.006404 **       
                Ljung-Box ARCH(1) 42.475  1 7.16e-11 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    76.09718      
                R-squared            0.99871      
                Log-lik.(n=475)  -2695.70115      
0.05

                Formula: count_ccmt~ gdp + pop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:40:47 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            9.3927e-01  1.2581e-02  74.6563 < 2.2e-16 ***      
                gdp            4.1303e-13  1.4855e-13   2.7804 0.0056922 **       
                pop            1.0188e-06  3.0615e-07   3.3278 0.0009584 ***      
                idAUT          2.2818e+01  1.8231e+01   1.2516 0.2114481          
                idBEL          8.0743e+00  1.8020e+01   0.4481 0.6543422          
                idBRA         -1.8738e+02  5.6568e+01  -3.3125 0.0010110 **       
                idCAN          1.8211e+01  1.8263e+01   0.9971 0.3193135          
                idCHE          1.8340e+01  1.8248e+01   1.0050 0.3154982          
                idCHN         -1.1521e+03  3.9596e+02  -2.9097 0.0038256 **       
                idDEU          1.0969e+02  3.8189e+01   2.8724 0.0042964 **       
                idDNK          3.2154e+01  1.8498e+01   1.7383 0.0829532 .        
                idESP         -2.0888e+01  1.9099e+01  -1.0937 0.2747807          
                idFIN          1.5858e+01  1.8400e+01   0.8619 0.3892992          
                idFRA          4.8615e+01  2.2818e+01   2.1305 0.0337532 *        
                idGBR          1.5362e+01  2.1733e+01   0.7068 0.4800979          
                idIND         -1.1364e+03  3.3945e+02  -3.3478 0.0008938 ***      
                idISR          1.2565e+01  1.8229e+01   0.6893 0.4910639          
                idITA         -1.5497e+01  2.0832e+01  -0.7439 0.4573701          
                idJPN          3.6237e+01  8.6347e+01   0.4197 0.6749572          
                idKOR         -2.5067e+02  1.6673e+02  -1.5034 0.1335375          
                idNLD          1.9164e+01  1.7901e+01   1.0706 0.2850323          
                idNOR          8.6004e+00  1.8440e+01   0.4664 0.6411981          
                idRUS         -1.6463e+02  4.2674e+01  -3.8579 0.0001338 ***      
                idSGP          8.3923e+00  1.8422e+01   0.4556 0.6489570          
                idSWE          2.0139e+01  1.8176e+01   1.1080 0.2685328          
                idTWN          5.0308e+01  1.8357e+01   2.7406 0.0064151 **       
                idUSA          2.1400e+02  8.8335e+01   2.4225 0.0158671 *        
                time2001      -1.5602e+01  1.7384e+01  -0.8975 0.3699982          
                time2002      -3.2862e+01  1.7440e+01  -1.8842 0.0602756 .        
                time2003      -1.4638e+01  1.7728e+01  -0.8257 0.4094587          
                time2004      -5.5235e-01  1.7723e+01  -0.0312 0.9751529          
                time2005      -4.7079e+00  1.7819e+01  -0.2642 0.7917626          
                time2006       6.2762e+00  1.7816e+01   0.3523 0.7248234          
                time2007       1.3566e+01  1.7605e+01   0.7706 0.4414190          
                time2008       2.2631e+01  1.7609e+01   1.2852 0.1994846          
                time2009       3.0817e+01  1.7944e+01   1.7174 0.0866956 .        
                time2010       4.1976e+01  1.8179e+01   2.3090 0.0214659 *        
                time2011       5.6470e+00  1.8382e+01   0.3072 0.7588521          
                time2012      -8.9986e+00  1.8581e+01  -0.4843 0.6284558          
                time2013      -5.2503e+01  1.8694e+01  -2.8086 0.0052263 **       
                time2014      -3.5089e+01  1.8614e+01  -1.8851 0.0601565 .        
                time2015      -4.2009e+01  1.8595e+01  -2.2591 0.0244273 *        
                time2016      -1.2809e+01  1.8106e+01  -0.7074 0.4797312          
                time2017       5.6131e+00  1.8414e+01   0.3048 0.7606533          
                time2018      -2.3097e+00  1.8456e+01  -0.1251 0.9004744          
                time2019      -3.7443e+01  1.8779e+01  -1.9938 0.0468662 *        
                iis129         2.4900e+02  6.0759e+01   4.0981 5.069e-05 ***      
                iis130         9.3451e+02  6.2346e+01  14.9891 < 2.2e-16 ***      
                iis131         7.2840e+02  6.6918e+01  10.8851 < 2.2e-16 ***      
                iis132         5.5698e+02  7.1483e+01   7.7918 6.051e-14 ***      
                iis133         4.3157e+02  7.5690e+01   5.7018 2.344e-08 ***      
                iis146        -2.2124e+02  7.8935e+01  -2.8028 0.0053186 **       
                iis307         4.0113e+02  6.4572e+01   6.2122 1.341e-09 ***      
                iis308         2.9066e+02  6.4369e+01   4.5156 8.377e-06 ***      
                iis309         2.2292e+02  6.4614e+01   3.4501 0.0006216 ***      
                iis311         3.1911e+02  6.4893e+01   4.9175 1.294e-06 ***      
                iis313         8.1521e+02  7.1000e+01  11.4819 < 2.2e-16 ***      
                iis314         2.0525e+03  6.7942e+01  30.2103 < 2.2e-16 ***      
                iis315         1.1668e+03  6.2506e+01  18.6665 < 2.2e-16 ***      
                iis323        -1.5556e+03  6.4649e+01 -24.0613 < 2.2e-16 ***      
                iis332         2.0968e+02  8.0138e+01   2.6165 0.0092283 **       
                iis338        -6.5413e+02  6.2374e+01 -10.4871 < 2.2e-16 ***      
                iis340        -3.3152e+02  6.9517e+01  -4.7689 2.620e-06 ***      
                iis459        -3.4517e+02  6.4535e+01  -5.3487 1.513e-07 ***      
                iis463         3.4129e+02  6.0929e+01   5.6015 4.020e-08 ***      
                iis468         8.5036e+02  6.8731e+01  12.3723 < 2.2e-16 ***      
                iis469         5.9268e+02  6.8534e+01   8.6480 < 2.2e-16 ***      
                iis470        -8.3641e+02  6.9289e+01 -12.0713 < 2.2e-16 ***      
                iis473        -4.4024e+02  6.8401e+01  -6.4361 3.601e-10 ***      
                iis474        -4.2438e+02  6.8639e+01  -6.1827 1.590e-09 ***      
                iis475        -7.3442e+02  6.9301e+01 -10.5974 < 2.2e-16 ***      
                fesisDEU.2006  3.1662e+02  3.6313e+01   8.7192 < 2.2e-16 ***      
                fesisDEU.2012 -4.6882e+02  6.1480e+01  -7.6255 1.874e-13 ***      
                fesisDEU.2014  2.8700e+02  6.1601e+01   4.6589 4.368e-06 ***      
                fesisDEU.2019 -5.3745e+02  6.1568e+01  -8.7293 < 2.2e-16 ***      
                fesisIND.2007 -1.2928e+02  4.8808e+01  -2.6487 0.0084078 **       
                fesisIND.2016 -1.3702e+02  4.6107e+01  -2.9717 0.0031447 **       
                fesisJPN.2008 -3.8485e+02  6.5419e+01  -5.8829 8.682e-09 ***      
                fesisJPN.2009  2.0816e+02  6.8981e+01   3.0176 0.0027153 **       
                fesisJPN.2016  4.3582e+02  4.3565e+01  10.0037 < 2.2e-16 ***      
                fesisKOR.2009  4.3089e+02  7.1822e+01   5.9993 4.526e-09 ***      
                fesisKOR.2011 -3.2115e+02  6.4955e+01  -4.9442 1.138e-06 ***      
                fesisKOR.2017 -3.4303e+02  5.9415e+01  -5.7734 1.587e-08 ***      
                fesisUSA.2005  3.0473e+02  4.8839e+01   6.2396 1.144e-09 ***      
                fesisUSA.2012 -3.4604e+02  5.4277e+01  -6.3754 5.163e-10 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df  p-value         
                Ljung-Box AR(1)    2.0204  1 0.155197         
                Ljung-Box ARCH(1) 10.1782  1 0.001421 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    54.60877      
                R-squared            0.99936      
                Log-lik.(n=475)  -2531.58819      

Log Count Ccmt

0.01

                Formula: log_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:40:46 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.688506  0.023649 29.1134 < 2.2e-16 ***      
                lgdp           0.357818  0.067122  5.3308 1.620e-07 ***      
                lpop          -0.392912  0.188204 -2.0877 0.0374439 *        
                idAUT          0.067593  0.161703  0.4180 0.6761623          
                idBEL         -0.071032  0.122725 -0.5788 0.5630479          
                idBRA          0.055117  0.404463  0.1363 0.8916735          
                idCAN          0.236733  0.106416  2.2246 0.0266532 *        
                idCHE         -0.225893  0.172523 -1.3093 0.1911512          
                idCHN          0.848430  0.720605  1.1774 0.2397262          
                idDEU          0.975566  0.259139  3.7646 0.0001912 ***      
                idDNK         -0.890168  0.266491 -3.3403 0.0009136 ***      
                idESP          0.258730  0.167661  1.5432 0.1235604          
                idFIN         -0.086289  0.232330 -0.3714 0.7105279          
                idFRA          0.663892  0.218326  3.0408 0.0025111 **       
                idGBR          0.608456  0.215775  2.8199 0.0050381 **       
                idIND          0.116509  0.698906  0.1667 0.8676865          
                idISR         -0.529363  0.184668 -2.8666 0.0043639 **       
                idITA          0.398295  0.203343  1.9587 0.0508230 .        
                idJPN         -0.466235  0.367907 -1.2673 0.2057819          
                idKOR         -1.444045  0.391289 -3.6905 0.0002541 ***      
                idNLD          0.172957  0.075625  2.2870 0.0227043 *        
                idNOR         -1.278401  0.306489 -4.1711 3.704e-05 ***      
                idRUS         -1.070165  0.356863 -2.9988 0.0028759 **       
                idSGP         -0.877020  0.274174 -3.1988 0.0014876 **       
                idSWE         -0.761422  0.192899 -3.9473 9.305e-05 ***      
                idTWN          0.391102  0.074785  5.2297 2.716e-07 ***      
                idUSA          1.083241  0.467385  2.3177 0.0209603 *        
                time2001      -1.710098  2.853304 -0.5993 0.5492784          
                time2002      -1.720668  2.853909 -0.6029 0.5468987          
                time2003      -1.663341  2.855418 -0.5825 0.5605367          
                time2004      -1.644795  2.855133 -0.5761 0.5648756          
                time2005      -1.613261  2.854616 -0.5651 0.5722876          
                time2006      -1.552908  2.855914 -0.5438 0.5869086          
                time2007      -1.530399  2.857470 -0.5356 0.5925411          
                time2008      -1.492413  2.858470 -0.5221 0.6018819          
                time2009      -1.438986  2.858905 -0.5033 0.6149999          
                time2010      -1.425238  2.859892 -0.4984 0.6185024          
                time2011      -1.437225  2.860762 -0.5024 0.6156619          
                time2012      -1.494532  2.861781 -0.5222 0.6017870          
                time2013      -1.577936  2.863102 -0.5511 0.5818469          
                time2014      -1.544682  2.864783 -0.5392 0.5900444          
                time2015      -1.567586  2.866444 -0.5469 0.5847630          
                time2016      -1.518287  2.867714 -0.5294 0.5967863          
                time2017      -1.532858  2.868793 -0.5343 0.5934093          
                time2018      -1.527102  2.869861 -0.5321 0.5949339          
                time2019      -1.623705  2.870815 -0.5656 0.5719824          
                iis59         -0.436076  0.109542 -3.9809 8.124e-05 ***      
                iis63          0.626366  0.109489  5.7208 2.051e-08 ***      
                iis159         0.382759  0.105032  3.6442 0.0003028 ***      
                iis173        -0.461066  0.103647 -4.4484 1.116e-05 ***      
                iis248        -0.407443  0.104827 -3.8868 0.0001185 ***      
                iis269        -0.356208  0.104395 -3.4121 0.0007088 ***      
                iis270         0.366534  0.104061  3.5223 0.0004760 ***      
                iis273         0.362809  0.103293  3.5124 0.0004936 ***      
                iis385         0.369220  0.103136  3.5799 0.0003850 ***      
                iis395        -0.376510  0.103002 -3.6554 0.0002903 ***      
                iis402         0.321702  0.107365  2.9964 0.0028987 **       
                iis407         0.429251  0.103402  4.1513 4.025e-05 ***      
                fesisAUS.2005 -0.225171  0.059755 -3.7682 0.0001886 ***      
                fesisBRA.2008 -0.329843  0.084375 -3.9093 0.0001083 ***      
                fesisBRA.2010  0.291989  0.077653  3.7602 0.0001945 ***      
                fesisCHN.2015  0.244711  0.063006  3.8839 0.0001198 ***      
                fesisDNK.2005  0.413819  0.111867  3.6992 0.0002458 ***      
                fesisDNK.2006 -0.483809  0.141584 -3.4171 0.0006963 ***      
                fesisDNK.2007  0.298032  0.104643  2.8481 0.0046204 **       
                fesisSGP.2003  0.312337  0.079327  3.9373 9.683e-05 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    5.9317  1 0.0148711 *        
                Ljung-Box ARCH(1) 12.0306  1 0.0005233 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.09776      
                R-squared          0.99584      
                Log-lik.(n=475)  463.50343      
0.05

                Formula: log_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:41:26 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error  t-stat   p-value          
                ar1            0.66169900  0.02332581 28.3677 < 2.2e-16 ***      
                lgdp           0.41711754  0.06742007  6.1868 1.532e-09 ***      
                lpop          -0.03702888  0.21336417 -0.1735 0.8623095          
                idAUT          0.44657180  0.17179150  2.5995 0.0096850 **       
                idBEL          0.19172366  0.12706088  1.5089 0.1321187          
                idBRA         -0.91378851  0.45385384 -2.0134 0.0447489 *        
                idCAN          0.20223884  0.11856318  1.7057 0.0888393 .        
                idCHE          0.15130614  0.18968316  0.7977 0.4255352          
                idCHN         -0.82999612  0.81132187 -1.0230 0.3069243          
                idDEU          0.48485049  0.29306152  1.6544 0.0988320 .        
                idDNK         -0.41468467  0.29932995 -1.3854 0.1667172          
                idESP         -0.04072025  0.18527837 -0.2198 0.8261567          
                idFIN          0.66516505  0.25713656  2.5868 0.0100425 *        
                idFRA          0.24504154  0.24585886  0.9967 0.3195306          
                idGBR          0.20288496  0.24271234  0.8359 0.4037113          
                idIND         -1.62587522  0.78108132 -2.0816 0.0380236 *        
                idISR         -0.13348684  0.23458275 -0.5690 0.5696520          
                idITA         -0.00097606  0.22788387 -0.0043 0.9965847          
                idJPN         -1.40029483  0.37555311 -3.7286 0.0002206 ***      
                idKOR         -2.13151495  0.38042707 -5.6030 3.952e-08 ***      
                idNLD          0.27620308  0.07038272  3.9243 0.0001025 ***      
                idNOR         -0.80014698  0.34934056 -2.2904 0.0225201 *        
                idRUS         -2.00669958  0.38372837 -5.2295 2.759e-07 ***      
                idSGP         -0.26077232  0.30319548 -0.8601 0.3902654          
                idSWE         -0.56802636  0.21254667 -2.6725 0.0078404 **       
                idTWN          0.35719716  0.07352348  4.8583 1.709e-06 ***      
                idUSA          0.03497110  0.52819610  0.0662 0.9472452          
                time2001      -9.20631650  3.11028634 -2.9600 0.0032618 **       
                time2002      -9.23807287  3.11171573 -2.9688 0.0031714 **       
                time2003      -9.14357981  3.11195585 -2.9382 0.0034942 **       
                time2004      -9.12360801  3.11239709 -2.9314 0.0035703 **       
                time2005      -9.06136484  3.11186026 -2.9119 0.0037959 **       
                time2006      -9.04731136  3.11263779 -2.9066 0.0038587 **       
                time2007      -8.98662385  3.11410641 -2.8858 0.0041181 **       
                time2008      -8.99088645  3.11630370 -2.8851 0.0041267 **       
                time2009      -8.91766964  3.11694797 -2.8610 0.0044466 **       
                time2010      -8.89080267  3.11766303 -2.8518 0.0045756 **       
                time2011      -8.90380059  3.11871865 -2.8550 0.0045307 **       
                time2012      -8.96265786  3.11998183 -2.8727 0.0042893 **       
                time2013      -9.03610513  3.12138435 -2.8949 0.0040027 **       
                time2014      -9.02272542  3.12289059 -2.8892 0.0040742 **       
                time2015      -9.05007203  3.12449815 -2.8965 0.0039830 **       
                time2016      -9.00526409  3.12584498 -2.8809 0.0041810 **       
                time2017      -9.03226812  3.12684010 -2.8886 0.0040818 **       
                time2018      -9.01898393  3.12738652 -2.8839 0.0041426 **       
                time2019      -9.11799762  3.12839538 -2.9146 0.0037637 **       
                iis59         -0.34132828  0.09276393 -3.6795 0.0002660 ***      
                iis63          0.69233005  0.09174898  7.5459 3.114e-13 ***      
                iis66         -0.36657713  0.09173071 -3.9962 7.676e-05 ***      
                iis98         -0.24572634  0.09202232 -2.6703 0.0078907 **       
                iis156        -0.20784354  0.10289108 -2.0200 0.0440527 *        
                iis158        -0.30274800  0.09285284 -3.2605 0.0012083 **       
                iis159         0.33668250  0.09313841  3.6149 0.0003393 ***      
                iis173        -0.40962560  0.09319496 -4.3954 1.422e-05 ***      
                iis248        -0.33572123  0.09440259 -3.5563 0.0004217 ***      
                iis249         0.23078241  0.09497302  2.4300 0.0155433 *        
                iis270         0.61261359  0.10945343  5.5970 4.079e-08 ***      
                iis279        -0.34209995  0.09429515 -3.6280 0.0003230 ***      
                iis395        -0.36709729  0.09291290 -3.9510 9.215e-05 ***      
                iis402         0.42716114  0.09849940  4.3367 1.837e-05 ***      
                iis403         0.30840531  0.09739544  3.1665 0.0016622 **       
                iis407         0.50601193  0.09276720  5.4546 8.661e-08 ***      
                iis408         0.25630735  0.09288128  2.7595 0.0060574 **       
                iis439         0.19201973  0.09405080  2.0417 0.0418475 *        
                fesisAUS.2005 -0.30083867  0.05486807 -5.4829 7.466e-08 ***      
                fesisCAN.2004 -0.19570125  0.05738272 -3.4105 0.0007152 ***      
                fesisCHN.2015  0.24155862  0.05722320  4.2213 3.015e-05 ***      
                fesisDNK.2005  0.18822372  0.05880645  3.2007 0.0014813 **       
                fesisFIN.2003 -0.22067110  0.06710029 -3.2887 0.0010966 **       
                fesisISR.2003 -0.27789633  0.08957511 -3.1024 0.0020573 **       
                fesisISR.2006  0.50983897  0.08150159  6.2556 1.028e-09 ***      
                fesisISR.2009 -0.26426316  0.06179228 -4.2766 2.381e-05 ***      
                fesisISR.2018 -0.26146153  0.07154436 -3.6545 0.0002923 ***      
                fesisNOR.2010 -0.19967641  0.04601663 -4.3392 1.817e-05 ***      
                fesisNOR.2017  0.24174505  0.06145607  3.9336 9.879e-05 ***      
                fesisRUS.2005  0.22636786  0.07886467  2.8703 0.0043204 **       
                fesisRUS.2007 -0.51562219  0.10905442 -4.7281 3.156e-06 ***      
                fesisRUS.2008  0.24170998  0.09396675  2.5723 0.0104663 *        
                fesisSGP.2003  0.17453668  0.07444146  2.3446 0.0195399 *        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   4.9877  1 0.02553 *      
                Ljung-Box ARCH(1) 1.5114  1 0.21893        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.08704      
                R-squared          0.99681      
                Log-lik.(n=475)  525.18785      

Ihs Count Ccmt

0.01

                Formula: ihs_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:44:22 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.686541  0.023625 29.0603 < 2.2e-16 ***      
                lgdp           0.361059  0.067471  5.3513 1.457e-07 ***      
                lpop          -0.394709  0.189305 -2.0850 0.0376845 *        
                idAUT          0.069812  0.162929  0.4285 0.6685259          
                idBEL         -0.070948  0.123618 -0.5739 0.5663281          
                idBRA          0.051138  0.407369  0.1255 0.9001644          
                idCAN          0.238097  0.107036  2.2245 0.0266629 *        
                idCHE         -0.226218  0.173682 -1.3025 0.1934835          
                idCHN          0.847523  0.725451  1.1683 0.2433777          
                idDEU          0.981064  0.260409  3.7674 0.0001892 ***      
                idDNK         -0.896586  0.267919 -3.3465 0.0008941 ***      
                idESP          0.259603  0.168669  1.5391 0.1245463          
                idFIN         -0.084902  0.234019 -0.3628 0.7169410          
                idFRA          0.667562  0.219499  3.0413 0.0025072 **       
                idGBR          0.611929  0.216946  2.8207 0.0050259 **       
                idIND          0.110147  0.703957  0.1565 0.8757407          
                idISR         -0.532618  0.185745 -2.8675 0.0043517 **       
                idITA          0.400145  0.204544  1.9563 0.0511120 .        
                idJPN         -0.475106  0.370860 -1.2811 0.2008876          
                idKOR         -1.460140  0.393998 -3.7060 0.0002396 ***      
                idNLD          0.175060  0.076161  2.2985 0.0220347 *        
                idNOR         -1.289140  0.307981 -4.1858 3.481e-05 ***      
                idRUS         -1.084352  0.359844 -3.0134 0.0027441 **       
                idSGP         -0.906206  0.275983 -3.2836 0.0011132 **       
                idSWE         -0.766901  0.193838 -3.9564 8.969e-05 ***      
                idTWN          0.394145  0.075157  5.2443 2.522e-07 ***      
                idUSA          1.086767  0.470203  2.3113 0.0213142 *        
                time2001      -1.544596  2.872587 -0.5377 0.5910754          
                time2002      -1.555246  2.873195 -0.5413 0.5885988          
                time2003      -1.497203  2.874716 -0.5208 0.6027758          
                time2004      -1.478774  2.874428 -0.5145 0.6072094          
                time2005      -1.446914  2.873903 -0.5035 0.6149075          
                time2006      -1.386159  2.875214 -0.4821 0.6299883          
                time2007      -1.363291  2.876778 -0.4739 0.6358275          
                time2008      -1.324827  2.877793 -0.4604 0.6455010          
                time2009      -1.271059  2.878235 -0.4416 0.6590043          
                time2010      -1.257141  2.879232 -0.4366 0.6626146          
                time2011      -1.268931  2.880111 -0.4406 0.6597468          
                time2012      -1.326482  2.881138 -0.4604 0.6454724          
                time2013      -1.410196  2.882470 -0.4892 0.6249400          
                time2014      -1.377035  2.884162 -0.4774 0.6332987          
                time2015      -1.400089  2.885834 -0.4852 0.6278231          
                time2016      -1.350607  2.887113 -0.4678 0.6401730          
                time2017      -1.365288  2.888200 -0.4727 0.6366704          
                time2018      -1.359434  2.889276 -0.4705 0.6382412          
                time2019      -1.456543  2.890237 -0.5040 0.6145658          
                iis59         -0.465823  0.110291 -4.2236 2.966e-05 ***      
                iis63          0.637105  0.110242  5.7791 1.490e-08 ***      
                iis159         0.383674  0.105745  3.6283 0.0003214 ***      
                iis173        -0.469117  0.104349 -4.4956 9.044e-06 ***      
                iis248        -0.416178  0.105543 -3.9432 9.457e-05 ***      
                iis269        -0.362607  0.105104 -3.4500 0.0006189 ***      
                iis270         0.370624  0.104769  3.5375 0.0004502 ***      
                iis273         0.365288  0.103994  3.5126 0.0004932 ***      
                iis385         0.373685  0.103838  3.5988 0.0003589 ***      
                iis395        -0.379727  0.103699 -3.6618 0.0002833 ***      
                iis402         0.337431  0.108202  3.1185 0.0019462 **       
                iis407         0.435994  0.104106  4.1880 3.449e-05 ***      
                fesisAUS.2005 -0.227160  0.060178 -3.7748 0.0001838 ***      
                fesisBRA.2008 -0.335291  0.085047 -3.9424 9.487e-05 ***      
                fesisBRA.2010  0.295738  0.078178  3.7829 0.0001782 ***      
                fesisCHN.2015  0.245497  0.063415  3.8713 0.0001260 ***      
                fesisDNK.2005  0.417416  0.112627  3.7062 0.0002394 ***      
                fesisDNK.2006 -0.486817  0.142547 -3.4151 0.0007012 ***      
                fesisDNK.2007  0.300258  0.105351  2.8501 0.0045921 **       
                fesisSGP.2003  0.337197  0.079891  4.2207 3.003e-05 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    5.8609  1 0.0154811 *        
                Ljung-Box ARCH(1) 12.1169  1 0.0004997 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.09842      
                R-squared          0.99582      
                Log-lik.(n=475)  460.29265      
0.05

                Formula: ihs_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:44:29 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.6590470  0.0232144 28.3895 < 2.2e-16 ***      
                lgdp           0.4261837  0.0675602  6.3082 7.557e-10 ***      
                lpop          -0.0855684  0.2134364 -0.4009 0.6887039          
                idAUT          0.4188269  0.1725706  2.4270 0.0156700 *        
                idBEL          0.1723825  0.1276718  1.3502 0.1777231          
                idBRA         -0.8173770  0.4547278 -1.7975 0.0730167 .        
                idCAN          0.2249143  0.1187894  1.8934 0.0590353 .        
                idCHE          0.1144801  0.1901295  0.6021 0.5474413          
                idCHN         -0.6507176  0.8126607 -0.8007 0.4237711          
                idDEU          0.5560682  0.2927980  1.8992 0.0582709 .        
                idDNK         -0.4846198  0.2992828 -1.6193 0.1061852          
                idESP          0.0020004  0.1853728  0.0108 0.9913953          
                idFIN          0.6160351  0.2579003  2.3887 0.0173777 *        
                idFRA          0.3043894  0.2457708  1.2385 0.2162610          
                idGBR          0.2613035  0.2426387  1.0769 0.2821696          
                idIND         -1.4608294  0.7830306 -1.8656 0.0628352 .        
                idISR         -0.2445029  0.2284214 -1.0704 0.2850901          
                idITA          0.0527659  0.2279605  0.2315 0.8170695          
                idJPN         -1.3525455  0.3779459 -3.5787 0.0003882 ***      
                idKOR         -2.1416757  0.3827183 -5.5960 4.102e-08 ***      
                idNLD          0.2763332  0.0708561  3.8999 0.0001130 ***      
                idNOR         -0.8809580  0.3491635 -2.5231 0.0120248 *        
                idRUS         -1.9513001  0.3858153 -5.0576 6.507e-07 ***      
                idSGP         -0.3549855  0.3036923 -1.1689 0.2431477          
                idSWE         -0.6124402  0.2124932 -2.8822 0.0041647 **       
                idTWN          0.3720101  0.0735814  5.0558 6.566e-07 ***      
                idUSA          0.1562368  0.5285625  0.2956 0.7676996          
                time2001      -8.3960170  3.1212246 -2.6900 0.0074480 **       
                time2002      -8.4270617  3.1226143 -2.6987 0.0072586 **       
                time2003      -8.3307206  3.1231973 -2.6674 0.0079584 **       
                time2004      -8.3155248  3.1234965 -2.6622 0.0080783 **       
                time2005      -8.2619923  3.1231061 -2.6454 0.0084833 **       
                time2006      -8.2391246  3.1237321 -2.6376 0.0086787 **       
                time2007      -8.1771475  3.1251944 -2.6165 0.0092229 **       
                time2008      -8.1807311  3.1273829 -2.6158 0.0092411 **       
                time2009      -8.1065222  3.1280085 -2.5916 0.0099065 **       
                time2010      -8.0793012  3.1287241 -2.5823 0.0101726 *        
                time2011      -8.0918642  3.1297782 -2.5854 0.0100819 *        
                time2012      -8.1506396  3.1310397 -2.6032 0.0095835 **       
                time2013      -8.2241041  3.1324508 -2.6255 0.0089886 **       
                time2014      -8.2107270  3.1339743 -2.6199 0.0091335 **       
                time2015      -8.2378871  3.1355913 -2.6272 0.0089429 **       
                time2016      -8.1927368  3.1369498 -2.6117 0.0093521 **       
                time2017      -8.2198264  3.1379507 -2.6195 0.0091445 **       
                time2018      -8.2063379  3.1385017 -2.6147 0.0092706 **       
                time2019      -8.3056814  3.1395149 -2.6455 0.0084811 **       
                iis59         -0.3762464  0.0933732 -4.0295 6.704e-05 ***      
                iis63          0.7047082  0.0923524  7.6306 1.760e-13 ***      
                iis66         -0.3721706  0.0923405 -4.0304 6.678e-05 ***      
                iis98         -0.2539989  0.0926915 -2.7403 0.0064168 **       
                iis156        -0.2056342  0.1035633 -1.9856 0.0477682 *        
                iis158        -0.3052489  0.0934589 -3.2661 0.0011853 **       
                iis159         0.3365124  0.0937419  3.5898 0.0003725 ***      
                iis173        -0.4243893  0.0937304 -4.5278 7.897e-06 ***      
                iis248        -0.3507001  0.0949714 -3.6927 0.0002530 ***      
                iis249         0.2270819  0.0955462  2.3767 0.0179442 *        
                iis269        -0.3182147  0.1035222 -3.0739 0.0022592 **       
                iis270         0.4018305  0.1038992  3.8675 0.0001285 ***      
                iis279        -0.3434294  0.0949140 -3.6183 0.0003349 ***      
                iis395        -0.3709548  0.0935237 -3.9664 8.659e-05 ***      
                iis402         0.4295152  0.0992865  4.3260 1.924e-05 ***      
                iis403         0.3052572  0.0979997  3.1149 0.0019741 **       
                iis407         0.5113399  0.0933770  5.4761 7.740e-08 ***      
                iis408         0.2592793  0.0934917  2.7733 0.0058117 **       
                iis439         0.1888725  0.0946124  1.9963 0.0465882 *        
                fesisAUS.2005 -0.2957312  0.0552145 -5.3560 1.445e-07 ***      
                fesisCAN.2004 -0.1902532  0.0577434 -3.2948 0.0010736 **       
                fesisCHN.2015  0.2397005  0.0575779  4.1631 3.855e-05 ***      
                fesisDNK.2005  0.1957181  0.0591637  3.3081 0.0010253 **       
                fesisFIN.2003 -0.2187719  0.0675101 -3.2406 0.0012937 **       
                fesisISR.2006  0.2994374  0.0740678  4.0427 6.350e-05 ***      
                fesisISR.2009 -0.2633099  0.0621921 -4.2338 2.859e-05 ***      
                fesisISR.2018 -0.2601911  0.0720082 -3.6134 0.0003412 ***      
                fesisNOR.2010 -0.1987875  0.0463062 -4.2929 2.220e-05 ***      
                fesisNOR.2017  0.2452293  0.0618583  3.9644 8.731e-05 ***      
                fesisRUS.2005  0.2367833  0.0793730  2.9832 0.0030293 **       
                fesisRUS.2007 -0.5262297  0.1097653 -4.7941 2.316e-06 ***      
                fesisRUS.2008  0.2416771  0.0945609  2.5558 0.0109675 *        
                fesisSGP.2003  0.2098532  0.0748102  2.8051 0.0052774 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   4.1293  1 0.04215 *      
                Ljung-Box ARCH(1) 1.2631  1 0.26106        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.08761      
                R-squared          0.99679      
                Log-lik.(n=475)  522.07714      

Max Count Ccmt

0.01

                Formula: max_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:45:46 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error   t-stat   p-value          
                ar1            0.9060711  0.0148976  60.8201 < 2.2e-16 ***      
                lgdp           0.0201892  0.0044713   4.5153 8.318e-06 ***      
                lpop          -0.0460999  0.0155270  -2.9690 0.0031664 **       
                idAUT         -0.0112023  0.0128948  -0.8687 0.3855067          
                idBEL         -0.0044543  0.0096194  -0.4630 0.6435802          
                idBRA          0.0828002  0.0321784   2.5732 0.0104350 *        
                idCAN          0.0218321  0.0071027   3.0738 0.0022579 **       
                idCHE         -0.0275440  0.0144000  -1.9128 0.0564866 .        
                idCHN          0.1506558  0.0579754   2.5986 0.0097042 **       
                idDEU          0.0762110  0.0214446   3.5539 0.0004247 ***      
                idDNK         -0.0656041  0.0219695  -2.9861 0.0029981 **       
                idESP          0.0418475  0.0125334   3.3389 0.0009197 ***      
                idFIN         -0.0242980  0.0189165  -1.2845 0.1997130          
                idFRA          0.0571856  0.0167916   3.4056 0.0007266 ***      
                idGBR          0.0542490  0.0165177   3.2843 0.0011120 **       
                idIND          0.1086869  0.0552966   1.9655 0.0500412 .        
                idISR         -0.0393267  0.0156218  -2.5174 0.0122094 *        
                idITA          0.0473400  0.0154989   3.0544 0.0024051 **       
                idJPN          0.0403246  0.0278653   1.4471 0.1486415          
                idKOR         -0.0660986  0.0253694  -2.6054 0.0095161 **       
                idNLD          0.0068170  0.0047578   1.4328 0.1526896          
                idNOR         -0.0825878  0.0250316  -3.2993 0.0010555 **       
                idRUS          0.0074234  0.0248444   0.2988 0.7652508          
                idSGP         -0.0380992  0.0205547  -1.8535 0.0645361 .        
                idSWE         -0.0555751  0.0157529  -3.5279 0.0004672 ***      
                idTWN          0.0197173  0.0040092   4.9180 1.276e-06 ***      
                idUSA          0.1384128  0.0382685   3.6169 0.0003361 ***      
                time2001       0.2119295  0.2216982   0.9559 0.3396787          
                time2002       0.2103533  0.2217968   0.9484 0.3434928          
                time2003       0.2141375  0.2218709   0.9651 0.3350525          
                time2004       0.2150857  0.2219689   0.9690 0.3331327          
                time2005       0.2140446  0.2220457   0.9640 0.3356421          
                time2006       0.2142402  0.2221764   0.9643 0.3354855          
                time2007       0.2161204  0.2223153   0.9721 0.3315681          
                time2008       0.2169304  0.2224737   0.9751 0.3301053          
                time2009       0.2187696  0.2226292   0.9827 0.3263640          
                time2010       0.2211380  0.2227407   0.9928 0.3214024          
                time2011       0.2162012  0.2228635   0.9701 0.3325770          
                time2012       0.2134069  0.2230167   0.9569 0.3391879          
                time2013       0.2096761  0.2231072   0.9398 0.3478845          
                time2014       0.2120891  0.2231901   0.9503 0.3425501          
                time2015       0.2123393  0.2232732   0.9510 0.3421610          
                time2016       0.2160965  0.2233639   0.9675 0.3338938          
                time2017       0.2176831  0.2234462   0.9742 0.3305390          
                time2018       0.2158247  0.2235323   0.9655 0.3348654          
                time2019       0.2084076  0.2236337   0.9319 0.3519398          
                iis130         0.0987609  0.0087372  11.3034 < 2.2e-16 ***      
                iis131         0.0808445  0.0092393   8.7500 < 2.2e-16 ***      
                iis132         0.0661852  0.0097484   6.7894 4.060e-11 ***      
                iis133         0.0582350  0.0102101   5.7037 2.276e-08 ***      
                iis146        -0.0402700  0.0085632  -4.7027 3.535e-06 ***      
                iis313         0.0592286  0.0093950   6.3043 7.628e-10 ***      
                iis314         0.1936079  0.0090245  21.4537 < 2.2e-16 ***      
                iis315         0.1060785  0.0085675  12.3814 < 2.2e-16 ***      
                iis323        -0.1371807  0.0085744 -15.9988 < 2.2e-16 ***      
                iis332         0.0446752  0.0089662   4.9826 9.338e-07 ***      
                iis338        -0.0631812  0.0085418  -7.3967 8.209e-13 ***      
                iis340        -0.0615103  0.0085835  -7.1661 3.716e-12 ***      
                iis459        -0.0372020  0.0092465  -4.0234 6.856e-05 ***      
                iis463         0.0331704  0.0087218   3.8032 0.0001650 ***      
                iis468         0.0920396  0.0098341   9.3593 < 2.2e-16 ***      
                iis469         0.0667286  0.0098151   6.7986 3.834e-11 ***      
                iis470        -0.0854161  0.0099002  -8.6277 < 2.2e-16 ***      
                iis473        -0.0469440  0.0098061  -4.7873 2.380e-06 ***      
                iis474        -0.0458420  0.0098223  -4.6671 4.168e-06 ***      
                iis475        -0.0769518  0.0098982  -7.7743 6.424e-14 ***      
                fesisDEU.2006  0.0360972  0.0051170   7.0544 7.629e-12 ***      
                fesisDEU.2012 -0.0327905  0.0045583  -7.1935 3.111e-12 ***      
                fesisJPN.2008 -0.0564986  0.0086658  -6.5197 2.116e-10 ***      
                fesisJPN.2009  0.0484113  0.0091503   5.2907 2.007e-07 ***      
                fesisKOR.2009  0.0331361  0.0056138   5.9026 7.612e-09 ***      
                fesisUSA.2005  0.0428365  0.0068334   6.2687 9.397e-10 ***      
                fesisUSA.2012 -0.0284715  0.0075613  -3.7654 0.0001911 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    6.5199  1   0.01067 *        
                Ljung-Box ARCH(1) 36.5972  1 1.452e-09 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00783      
                R-squared           0.99882      
                Log-lik.(n=475)  1666.00566      
0.05

                Formula: max_count_ccmt~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:45:24 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            0.92674733  0.01395970  66.3873 < 2.2e-16 ***      
                lgdp           0.01881536  0.00398161   4.7256 3.191e-06 ***      
                lpop          -0.03967337  0.01377315  -2.8805 0.0041859 **       
                idAUT         -0.00727864  0.01140861  -0.6380 0.5238447          
                idBEL         -0.00173124  0.00850922  -0.2035 0.8388835          
                idBRA          0.07020335  0.02852067   2.4615 0.0142605 *        
                idCAN          0.01856392  0.00630485   2.9444 0.0034262 **       
                idCHE         -0.02226531  0.01275213  -1.7460 0.0815831 .        
                idCHN          0.12687774  0.05138230   2.4693 0.0139581 *        
                idDEU          0.06397045  0.01907845   3.3530 0.0008761 ***      
                idDNK         -0.05662504  0.01948919  -2.9055 0.0038724 **       
                idESP          0.03666928  0.01112475   3.2962 0.0010682 **       
                idFIN         -0.01790348  0.01674174  -1.0694 0.2855431          
                idFRA          0.04878842  0.01491920   3.2702 0.0011686 **       
                idGBR          0.04642868  0.01466933   3.1650 0.0016703 **       
                idIND          0.08807633  0.04897129   1.7985 0.0728526 .        
                idISR         -0.03309031  0.01384668  -2.3898 0.0173249 *        
                idITA          0.04066927  0.01375198   2.9573 0.0032885 **       
                idJPN          0.00287929  0.02505544   0.1149 0.9085693          
                idKOR         -0.06450318  0.02250519  -2.8661 0.0043762 **       
                idNLD          0.00712899  0.00421096   1.6930 0.0912475 .        
                idNOR         -0.07183459  0.02222182  -3.2326 0.0013291 **       
                idRUS          0.00088168  0.02197687   0.0401 0.9680189          
                idSGP         -0.03037526  0.01820298  -1.6687 0.0959659 .        
                idSWE         -0.04903250  0.01398992  -3.5048 0.0005090 ***      
                idTWN          0.01782383  0.00357760   4.9821 9.407e-07 ***      
                idUSA          0.11732141  0.03399831   3.4508 0.0006189 ***      
                time2001       0.14308289  0.19615973   0.7294 0.4661747          
                time2002       0.14141360  0.19624729   0.7206 0.4715866          
                time2003       0.14330230  0.19631603   0.7300 0.4658468          
                time2004       0.14490793  0.19640245   0.7378 0.4610651          
                time2005       0.14390430  0.19646984   0.7324 0.4643263          
                time2006       0.14401988  0.19658565   0.7326 0.4642309          
                time2007       0.14565518  0.19670960   0.7405 0.4594599          
                time2008       0.14653706  0.19684951   0.7444 0.4570679          
                time2009       0.14852689  0.19698440   0.7540 0.4512942          
                time2010       0.14877783  0.19709704   0.7548 0.4507892          
                time2011       0.14541318  0.19719626   0.7374 0.4613127          
                time2012       0.14343876  0.19732065   0.7269 0.4676958          
                time2013       0.13902521  0.19740969   0.7042 0.4816918          
                time2014       0.14100680  0.19748431   0.7140 0.4756373          
                time2015       0.14109221  0.19755840   0.7142 0.4755357          
                time2016       0.14405492  0.19764961   0.7288 0.4665293          
                time2017       0.14654746  0.19771029   0.7412 0.4589963          
                time2018       0.14477720  0.19778614   0.7320 0.4646074          
                time2019       0.13963770  0.19787708   0.7057 0.4808017          
                iis130         0.09743132  0.00773762  12.5919 < 2.2e-16 ***      
                iis131         0.07631199  0.00822597   9.2770 < 2.2e-16 ***      
                iis132         0.05981014  0.00872667   6.8537 2.759e-11 ***      
                iis133         0.04831395  0.00919257   5.2558 2.412e-07 ***      
                iis146        -0.02429687  0.01000363  -2.4288 0.0155918 *        
                iis152        -0.05569602  0.00779257  -7.1473 4.273e-12 ***      
                iis307         0.01763453  0.00800764   2.2022 0.0282246 *        
                iis313         0.06769684  0.00850405   7.9605 1.817e-14 ***      
                iis314         0.20273003  0.00817674  24.7935 < 2.2e-16 ***      
                iis315         0.10942168  0.00764750  14.3082 < 2.2e-16 ***      
                iis320         0.02590406  0.00769803   3.3650 0.0008399 ***      
                iis323        -0.13549338  0.00766665 -17.6731 < 2.2e-16 ***      
                iis338        -0.05969565  0.00758912  -7.8660 3.504e-14 ***      
                iis340        -0.05834033  0.00762238  -7.6538 1.497e-13 ***      
                iis459        -0.03644623  0.00817704  -4.4571 1.082e-05 ***      
                iis463         0.03481927  0.00771245   4.5147 8.370e-06 ***      
                iis468         0.09141569  0.00869521  10.5133 < 2.2e-16 ***      
                iis469         0.06481701  0.00867785   7.4693 5.176e-13 ***      
                iis470        -0.08808067  0.00876449 -10.0497 < 2.2e-16 ***      
                iis473        -0.04752304  0.00866605  -5.4838 7.421e-08 ***      
                iis474        -0.04558182  0.00868090  -5.2508 2.473e-07 ***      
                iis475        -0.07812398  0.00875625  -8.9221 < 2.2e-16 ***      
                fesisDEU.2006  0.03447124  0.00455080   7.5748 2.554e-13 ***      
                fesisDEU.2012 -0.05062420  0.00775782  -6.5256 2.069e-10 ***      
                fesisDEU.2014  0.02878526  0.00780382   3.6886 0.0002569 ***      
                fesisJPN.2003  0.02779708  0.00624919   4.4481 1.126e-05 ***      
                fesisJPN.2008 -0.06369930  0.00793713  -8.0255 1.154e-14 ***      
                fesisJPN.2009  0.04050915  0.00826913   4.8988 1.406e-06 ***      
                fesisKOR.2009  0.06736817  0.00580976  11.5957 < 2.2e-16 ***      
                fesisKOR.2011 -0.04414665  0.00613254  -7.1988 3.064e-12 ***      
                fesisUSA.2005  0.03839633  0.00616143   6.2317 1.179e-09 ***      
                fesisUSA.2012 -0.03317815  0.00677827  -4.8948 1.434e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)   11.8339  1 0.0005816 ***      
                Ljung-Box ARCH(1)  4.4357  1 0.0351956 *        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00692      
                R-squared           0.99909      
                Log-lik.(n=475)  1727.31160      

Energy

Count Energy

0.01

                Formula: count_energy~ gdp + pop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:41:22 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.1455e-01  1.6978e-02  47.9780 < 2.2e-16 ***      
                gdp            8.2943e-13  8.8599e-14   9.3617 < 2.2e-16 ***      
                pop           -1.3670e-07  1.0984e-07  -1.2445 0.2140225          
                idAUT          2.4956e+00  1.3925e+01   0.1792 0.8578527          
                idBEL         -9.2486e+00  1.3915e+01  -0.6646 0.5066554          
                idBRA          7.6710e+00  2.3493e+01   0.3265 0.7441985          
                idCAN          2.6192e+01  1.4094e+01   1.8583 0.0638520 .        
                idCHE         -2.0271e-01  1.3931e+01  -0.0146 0.9883982          
                idCHN          2.5330e+02  1.4294e+02   1.7720 0.0771481 .        
                idDEU          1.7246e+02  2.4598e+01   7.0110 1.003e-11 ***      
                idDNK          2.6314e+01  1.4063e+01   1.8711 0.0620554 .        
                idESP          8.0923e+00  1.4095e+01   0.5741 0.5662041          
                idFIN         -9.4505e+00  1.3984e+01  -0.6758 0.4995427          
                idFRA          7.5257e+01  1.5624e+01   4.8167 2.070e-06 ***      
                idGBR          5.3630e+01  1.5099e+01   3.5520 0.0004275 ***      
                idIND          9.8027e+01  1.3290e+02   0.7376 0.4611789          
                idISR         -4.8245e+00  1.3938e+01  -0.3461 0.7294194          
                idITA          1.6514e+01  1.4490e+01   1.1397 0.2550849          
                idJPN          1.3709e+02  4.3652e+01   3.1406 0.0018104 **       
                idKOR         -7.3746e+02  1.0067e+02  -7.3254 1.309e-12 ***      
                idNLD          5.0064e+00  1.3867e+01   0.3610 0.7182632          
                idNOR         -1.3472e+01  1.4014e+01  -0.9614 0.3369422          
                idRUS         -5.4311e+01  1.9534e+01  -2.7803 0.0056856 **       
                idSGP         -1.2982e+01  1.4006e+01  -0.9269 0.3545131          
                idSWE         -7.4919e+00  1.3926e+01  -0.5380 0.5908805          
                idTWN          4.0661e+01  1.4134e+01   2.8769 0.0042297 **       
                idUSA          3.6912e+02  4.3515e+01   8.4826 4.233e-16 ***      
                time2001       4.8720e+00  1.3009e+01   0.3745 0.7082123          
                time2002      -3.7648e+00  1.3004e+01  -0.2895 0.7723446          
                time2003       5.5318e-01  1.3012e+01   0.0425 0.9661107          
                time2004       1.8400e+01  1.3018e+01   1.4134 0.1583160          
                time2005       2.8013e+01  1.3043e+01   2.1477 0.0323345 *        
                time2006       1.8896e+01  1.3028e+01   1.4505 0.1477051          
                time2007       4.0211e+01  1.3167e+01   3.0540 0.0024082 **       
                time2008       3.6267e+01  1.3259e+01   2.7353 0.0065072 **       
                time2009       5.2519e+01  1.3616e+01   3.8573 0.0001334 ***      
                time2010       5.4509e+01  1.3710e+01   3.9759 8.309e-05 ***      
                time2011       4.6648e+01  1.3851e+01   3.3678 0.0008307 ***      
                time2012       1.1015e+01  1.3985e+01   0.7876 0.4313849          
                time2013       1.1708e+00  1.3863e+01   0.0845 0.9327396          
                time2014       8.0914e+00  1.3649e+01   0.5928 0.5536399          
                time2015      -7.0068e-01  1.3494e+01  -0.0519 0.9586133          
                time2016       1.8551e+01  1.3586e+01   1.3654 0.1728811          
                time2017       3.4958e+01  1.3498e+01   2.5899 0.0099475 **       
                time2018       2.8753e+01  1.3523e+01   2.1263 0.0340896 *        
                time2019      -3.4484e+00  1.3635e+01  -0.2529 0.8004746          
                iis130         4.3710e+02  5.0494e+01   8.6564 < 2.2e-16 ***      
                iis131         4.9014e+02  5.1677e+01   9.4846 < 2.2e-16 ***      
                iis132         5.5379e+02  5.3925e+01  10.2696 < 2.2e-16 ***      
                iis133         3.3045e+02  5.6997e+01   5.7978 1.359e-08 ***      
                iis146        -3.1705e+02  4.7154e+01  -6.7236 6.084e-11 ***      
                iis313         4.0293e+02  5.2282e+01   7.7068 1.015e-13 ***      
                iis314         1.1827e+03  4.9246e+01  24.0153 < 2.2e-16 ***      
                iis315         5.4365e+02  4.8927e+01  11.1117 < 2.2e-16 ***      
                iis316        -2.5685e+02  5.0708e+01  -5.0653 6.219e-07 ***      
                iis317        -3.8674e+02  4.8796e+01  -7.9256 2.247e-14 ***      
                iis323        -7.7056e+02  4.7785e+01 -16.1255 < 2.2e-16 ***      
                iis332         3.5603e+02  4.6761e+01   7.6138 1.910e-13 ***      
                iis333         3.0727e+02  4.8259e+01   6.3672 5.252e-10 ***      
                iis336         2.0434e+02  5.2689e+01   3.8782 0.0001229 ***      
                iis339         4.8108e+02  4.8011e+01  10.0204 < 2.2e-16 ***      
                iis463         1.9795e+02  5.0443e+01   3.9242 0.0001023 ***      
                iis464         2.8101e+02  4.8506e+01   5.7933 1.392e-08 ***      
                iis465         2.5252e+02  4.7813e+01   5.2815 2.101e-07 ***      
                iis470        -3.2471e+02  4.9226e+01  -6.5963 1.327e-10 ***      
                fesisCHN.2013  9.4876e+01  2.9766e+01   3.1874 0.0015477 **       
                fesisDEU.2007  3.0951e+02  2.8816e+01  10.7408 < 2.2e-16 ***      
                fesisDEU.2012 -2.4785e+02  2.5605e+01  -9.6799 < 2.2e-16 ***      
                fesisJPN.2009  2.0130e+02  3.6675e+01   5.4889 7.168e-08 ***      
                fesisKOR.2014 -3.6446e+02  4.4688e+01  -8.1557 4.451e-15 ***      
                fesisUSA.2006  2.9307e+02  4.0237e+01   7.2836 1.722e-12 ***      
                fesisUSA.2014 -2.6050e+02  2.8365e+01  -9.1837 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                      Chi-sq df   p-value          
                Ljung-Box AR(1)    0.0036832  1 0.9516063          
                Ljung-Box ARCH(1) 13.7256438  1 0.0002115 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    42.67535      
                R-squared            0.99821      
                Log-lik.(n=475)  -2420.96598      
0.05

                Formula: count_energy~ gdp + pop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:41:03 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.4345e-01  1.7877e-02  47.1814 < 2.2e-16 ***      
                gdp            1.2828e-12  1.2416e-13  10.3317 < 2.2e-16 ***      
                pop            4.7502e-07  2.2007e-07   2.1585 0.0314807 *        
                idAUT          1.1424e+01  1.3562e+01   0.8424 0.4000779          
                idBEL         -7.9514e-01  1.3444e+01  -0.0591 0.9528658          
                idBRA         -9.7666e+01  4.0668e+01  -2.4016 0.0167808 *        
                idCAN          1.5079e+01  1.3599e+01   1.1089 0.2681557          
                idCHE          8.6614e+00  1.3598e+01   0.6369 0.5245297          
                idCHN         -5.5260e+02  2.8586e+02  -1.9331 0.0539244 .        
                idDEU          9.5664e+01  2.6632e+01   3.5921 0.0003688 ***      
                idDNK          3.3068e+01  1.3946e+01   2.3711 0.0182068 *        
                idESP         -6.5611e+00  1.4157e+01  -0.4635 0.6432856          
                idFIN          2.4998e+00  1.3707e+01   0.1824 0.8553801          
                idFRA          4.0247e+01  1.6557e+01   2.4309 0.0155020 *        
                idGBR          2.2490e+01  1.6056e+01   1.4007 0.1620678          
                idIND         -6.0406e+02  2.4761e+02  -2.4396 0.0151381 *        
                idISR          4.6262e+00  1.3592e+01   0.3404 0.7337663          
                idITA         -7.8140e+00  1.5473e+01  -0.5050 0.6138348          
                idJPN         -2.2407e+02  6.2196e+01  -3.6026 0.0003547 ***      
                idKOR         -1.1979e+03  1.3034e+02  -9.1902 < 2.2e-16 ***      
                idNLD          7.9047e+00  1.3301e+01   0.5943 0.5526484          
                idNOR         -2.2232e+00  1.3749e+01  -0.1617 0.8716242          
                idRUS         -1.6171e+02  3.0857e+01  -5.2404 2.598e-07 ***      
                idSGP         -4.3028e-01  1.3732e+01  -0.0313 0.9750186          
                idSWE         -4.3332e-01  1.3518e+01  -0.0321 0.9744449          
                idTWN          3.5579e+01  1.3549e+01   2.6259 0.0089742 **       
                idUSA          1.6378e+02  6.3290e+01   2.5877 0.0100137 *        
                time2001      -2.5597e+00  1.2842e+01  -0.1993 0.8421206          
                time2002      -1.4139e+01  1.2880e+01  -1.0978 0.2729690          
                time2003      -1.7608e+01  1.3019e+01  -1.3524 0.1769966          
                time2004       3.2739e+00  1.3013e+01   0.2516 0.8014990          
                time2005       9.8749e+00  1.3080e+01   0.7549 0.4507265          
                time2006      -3.8130e+00  1.3346e+01  -0.2857 0.7752485          
                time2007       2.9268e+01  1.3332e+01   2.1953 0.0287176 *        
                time2008       3.1564e+01  1.3495e+01   2.3390 0.0198280 *        
                time2009       3.9964e+01  1.3350e+01   2.9936 0.0029279 **       
                time2010       2.8172e+01  1.3576e+01   2.0751 0.0386127 *        
                time2011       2.9732e+01  1.3624e+01   2.1823 0.0296658 *        
                time2012      -1.8810e+01  1.3805e+01  -1.3625 0.1738084          
                time2013      -1.4518e+01  1.3926e+01  -1.0426 0.2977758          
                time2014      -8.4271e+00  1.3861e+01  -0.6080 0.5435401          
                time2015      -1.8615e+01  1.3778e+01  -1.3511 0.1774358          
                time2016       2.3295e+00  1.3512e+01   0.1724 0.8632132          
                time2017       1.7341e+01  1.3488e+01   1.2856 0.1993178          
                time2018       9.0537e+00  1.3552e+01   0.6681 0.5044824          
                time2019      -2.4504e+01  1.3706e+01  -1.7878 0.0745605 .        
                iis130         4.4128e+02  4.5588e+01   9.6797 < 2.2e-16 ***      
                iis131         4.7439e+02  4.7979e+01   9.8875 < 2.2e-16 ***      
                iis132         5.2033e+02  5.1342e+01  10.1347 < 2.2e-16 ***      
                iis133         2.8038e+02  5.5413e+01   5.0599 6.406e-07 ***      
                iis146        -3.3526e+02  4.5913e+01  -7.3022 1.543e-12 ***      
                iis307         1.4267e+02  4.5191e+01   3.1571 0.0017144 **       
                iis313         4.6079e+02  5.1130e+01   9.0122 < 2.2e-16 ***      
                iis314         1.2263e+03  4.7492e+01  25.8204 < 2.2e-16 ***      
                iis315         5.3943e+02  4.7136e+01  11.4441 < 2.2e-16 ***      
                iis316        -2.6389e+02  4.9230e+01  -5.3605 1.406e-07 ***      
                iis317        -3.9883e+02  4.6874e+01  -8.5086 3.570e-16 ***      
                iis323        -7.7385e+02  4.5659e+01 -16.9484 < 2.2e-16 ***      
                iis332         4.1610e+02  4.5971e+01   9.0514 < 2.2e-16 ***      
                iis333         3.2332e+02  4.6165e+01   7.0035 1.063e-11 ***      
                iis336         1.2502e+02  5.1280e+01   2.4379 0.0152063 *        
                iis339         5.0422e+02  4.6004e+01  10.9604 < 2.2e-16 ***      
                iis462        -1.2417e+02  5.0066e+01  -2.4801 0.0135447 *        
                iis470        -3.4435e+02  4.7420e+01  -7.2617 2.010e-12 ***      
                fesisDEU.2006  2.4449e+02  2.7606e+01   8.8566 < 2.2e-16 ***      
                fesisDEU.2013 -1.7972e+02  2.3244e+01  -7.7316 8.690e-14 ***      
                fesisIND.2009 -1.0372e+02  3.5193e+01  -2.9472 0.0033948 **       
                fesisIND.2016 -9.6618e+01  3.2414e+01  -2.9807 0.0030516 **       
                fesisJPN.2008 -1.6550e+02  4.5744e+01  -3.6179 0.0003350 ***      
                fesisJPN.2009  2.9965e+02  5.0092e+01   5.9821 4.891e-09 ***      
                fesisKOR.2006 -2.5439e+02  4.3378e+01  -5.8644 9.449e-09 ***      
                fesisKOR.2014 -5.2531e+02  4.9667e+01 -10.5767 < 2.2e-16 ***      
                fesisUSA.2006  4.5618e+02  3.7489e+01  12.1683 < 2.2e-16 ***      
                fesisUSA.2011 -2.9821e+02  3.3898e+01  -8.7972 < 2.2e-16 ***      
                fesisUSA.2014 -1.8512e+02  3.3584e+01  -5.5121 6.369e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   3.3587  1 0.06685 .      
                Ljung-Box ARCH(1) 6.1582  1 0.01308 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    40.76535      
                R-squared            0.99838      
                Log-lik.(n=475)  -2397.71625      

Log Count Energy

0.01

                Formula: log_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:41:12 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.572064  0.029189 19.5986 < 2.2e-16 ***      
                lgdp           0.631928  0.107479  5.8795 8.509e-09 ***      
                lpop          -1.528094  0.338838 -4.5098 8.472e-06 ***      
                idAUT         -0.457430  0.281337 -1.6259 0.1047320          
                idBEL         -0.360096  0.210580 -1.7100 0.0880158 .        
                idBRA          2.122710  0.691851  3.0682 0.0022960 **       
                idCAN          0.953984  0.157878  6.0425 3.397e-09 ***      
                idCHE         -0.951510  0.311334 -3.0562 0.0023872 **       
                idCHN          4.931454  1.255608  3.9275 0.0001006 ***      
                idDEU          2.768928  0.442011  6.2644 9.430e-10 ***      
                idDNK         -2.201097  0.481581 -4.5706 6.439e-06 ***      
                idESP          0.816016  0.278416  2.9309 0.0035677 **       
                idFIN         -1.145049  0.412039 -2.7790 0.0057025 **       
                idFRA          2.097273  0.366877  5.7166 2.089e-08 ***      
                idGBR          2.049212  0.363389  5.6392 3.178e-08 ***      
                idIND          3.650944  1.197236  3.0495 0.0024404 **       
                idISR         -1.420440  0.339709 -4.1813 3.542e-05 ***      
                idITA          1.653399  0.338829  4.8797 1.521e-06 ***      
                idJPN          0.589920  0.572251  1.0309 0.3032035          
                idKOR         -1.837907  0.594946 -3.0892 0.0021429 **       
                idNLD          0.212264  0.107548  1.9737 0.0490873 *        
                idNOR         -3.020276  0.555264 -5.4393 9.188e-08 ***      
                idRUS          0.485007  0.564415  0.8593 0.3906698          
                idSGP         -2.633599  0.492462 -5.3478 1.479e-07 ***      
                idSWE         -1.937780  0.350822 -5.5235 5.896e-08 ***      
                idTWN          0.846727  0.096254  8.7968 < 2.2e-16 ***      
                idUSA          3.953812  0.810813  4.8764 1.546e-06 ***      
                time2001       9.751809  4.849957  2.0107 0.0450082 *        
                time2002       9.678694  4.851599  1.9949 0.0467067 *        
                time2003       9.756371  4.852879  2.0104 0.0450369 *        
                time2004       9.822657  4.854879  2.0233 0.0436921 *        
                time2005       9.916008  4.857417  2.0414 0.0418461 *        
                time2006       9.968043  4.859133  2.0514 0.0408594 *        
                time2007      10.137397  4.860904  2.0855 0.0376391 *        
                time2008      10.188344  4.864457  2.0944 0.0368306 *        
                time2009      10.257741  4.866349  2.1079 0.0356437 *        
                time2010      10.242358  4.868442  2.1038 0.0359991 *        
                time2011      10.246196  4.870384  2.1038 0.0360036 *        
                time2012      10.135513  4.872567  2.0801 0.0381323 *        
                time2013      10.022785  4.874659  2.0561 0.0404024 *        
                time2014      10.042721  4.876710  2.0593 0.0400912 *        
                time2015       9.957874  4.878815  2.0410 0.0418832 *        
                time2016      10.079325  4.880996  2.0650 0.0395468 *        
                time2017      10.117945  4.882646  2.0722 0.0388659 *        
                time2018      10.060910  4.884347  2.0598 0.0400427 *        
                time2019       9.962839  4.886238  2.0390 0.0420919 *        
                iis41         -0.649279  0.167912 -3.8668 0.0001281 ***      
                iis43         -0.554643  0.167214 -3.3170 0.0009907 ***      
                iis57         -0.597657  0.167313 -3.5721 0.0003960 ***      
                iis58         -0.582117  0.168860 -3.4473 0.0006244 ***      
                iis62          0.504299  0.168465  2.9935 0.0029241 **       
                iis63          0.520665  0.168876  3.0831 0.0021862 **       
                iis72          0.660820  0.168278  3.9270 0.0001008 ***      
                iis74         -0.632293  0.168804 -3.7457 0.0002055 ***      
                iis75          0.509052  0.168711  3.0173 0.0027085 **       
                iis407         0.517707  0.169765  3.0495 0.0024398 **       
                fesisCHN.2015  0.322184  0.102269  3.1504 0.0017496 **       
                fesisDNK.2005  0.356262  0.093122  3.8257 0.0001506 ***      
                fesisESP.2003  0.651804  0.124218  5.2473 2.476e-07 ***      
                fesisRUS.2007 -0.441608  0.090908 -4.8577 1.690e-06 ***      
                fesisSGP.2003  1.036806  0.148326  6.9900 1.113e-11 ***      
                fesisSGP.2006 -0.888331  0.189093 -4.6979 3.588e-06 ***      
                fesisSGP.2007  0.807945  0.173323  4.6615 4.246e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df  p-value         
                Ljung-Box AR(1)    4.3382  1 0.037265 *       
                Ljung-Box ARCH(1) 10.5584  1 0.001157 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.15871      
                R-squared          0.98995      
                Log-lik.(n=475)  231.82325      
0.05

                Formula: log_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:41:31 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.562180  0.027007 20.8158 < 2.2e-16 ***      
                lgdp           0.592919  0.094646  6.2646 9.914e-10 ***      
                lpop          -1.163016  0.344660 -3.3744 0.0008142 ***      
                idAUT         -0.366169  0.280929 -1.3034 0.1932006          
                idBEL         -0.121441  0.227054 -0.5349 0.5930551          
                idBRA          1.100619  0.738157  1.4910 0.1367620          
                idCAN          0.874573  0.190827  4.5831 6.183e-06 ***      
                idCHE         -0.606205  0.332579 -1.8227 0.0691100 .        
                idCHN          3.373474  1.332085  2.5325 0.0117185 *        
                idDEU          2.140100  0.470458  4.5490 7.214e-06 ***      
                idDNK         -1.773391  0.473228 -3.7474 0.0002057 ***      
                idESP          0.609979  0.308061  1.9801 0.0484015 *        
                idFIN         -0.912764  0.416299 -2.1926 0.0289301 *        
                idFRA          1.530481  0.395684  3.8679 0.0001286 ***      
                idGBR          1.485559  0.390655  3.8027 0.0001661 ***      
                idIND          2.133858  1.283586  1.6624 0.0972344 .        
                idISR         -1.299840  0.367419 -3.5378 0.0004523 ***      
                idITA          1.102517  0.368509  2.9918 0.0029498 **       
                idJPN          0.013297  0.598430  0.0222 0.9822845          
                idKOR         -2.042494  0.547830 -3.7283 0.0002214 ***      
                idNLD          0.085251  0.107951  0.7897 0.4301717          
                idNOR         -2.628739  0.538130 -4.8849 1.514e-06 ***      
                idRUS         -0.398281  0.618869 -0.6436 0.5202383          
                idSGP         -2.122788  0.489967 -4.3325 1.879e-05 ***      
                idSWE         -1.793162  0.330721 -5.4220 1.037e-07 ***      
                idTWN          0.619214  0.109876  5.6356 3.355e-08 ***      
                idUSA          2.917249  0.863174  3.3797 0.0007991 ***      
                time2001       4.881018  5.114985  0.9543 0.3405453          
                time2002       4.795222  5.116031  0.9373 0.3491892          
                time2003       4.919001  5.117692  0.9612 0.3370610          
                time2004       5.010356  5.118277  0.9789 0.3282305          
                time2005       5.094735  5.118403  0.9954 0.3201723          
                time2006       5.134281  5.119775  1.0028 0.3165647          
                time2007       5.280730  5.121063  1.0312 0.3030978          
                time2008       5.329202  5.124187  1.0400 0.2989815          
                time2009       5.418716  5.124938  1.0573 0.2910202          
                time2010       5.417553  5.126528  1.0568 0.2912732          
                time2011       5.439467  5.128310  1.0607 0.2894960          
                time2012       5.308655  5.130608  1.0347 0.3014505          
                time2013       5.212065  5.132718  1.0155 0.3105182          
                time2014       5.193108  5.135394  1.0112 0.3125309          
                time2015       5.133854  5.138120  0.9992 0.3183337          
                time2016       5.236143  5.140108  1.0187 0.3089864          
                time2017       5.302217  5.141916  1.0312 0.3030993          
                time2018       5.221627  5.143573  1.0152 0.3106534          
                time2019       5.148593  5.145448  1.0006 0.3176368          
                iis41         -0.638515  0.145372 -4.3923 1.448e-05 ***      
                iis43         -0.563191  0.144212 -3.9053 0.0001109 ***      
                iis49         -0.464107  0.144035 -3.2222 0.0013793 **       
                iis57         -0.628368  0.144165 -4.3587 1.677e-05 ***      
                iis58         -0.494227  0.160492 -3.0794 0.0022211 **       
                iis71          0.415150  0.148567  2.7944 0.0054576 **       
                iis72          0.727043  0.148243  4.9044 1.380e-06 ***      
                iis74         -0.580476  0.148585 -3.9067 0.0001103 ***      
                iis75          0.574560  0.149042  3.8550 0.0001354 ***      
                iis156        -0.382916  0.160298 -2.3888 0.0173803 *        
                iis173        -0.423887  0.196245 -2.1600 0.0313836 *        
                iis374        -0.473488  0.142594 -3.3205 0.0009834 ***      
                iis382         0.430536  0.155332  2.7717 0.0058441 **       
                iis385         0.404994  0.156154  2.5936 0.0098576 **       
                iis395        -0.372293  0.144533 -2.5758 0.0103678 *        
                iis400        -0.394336  0.170525 -2.3125 0.0212723 *        
                iis402         0.917142  0.171519  5.3472 1.527e-07 ***      
                iis403         0.610830  0.170133  3.5903 0.0003725 ***      
                iis404         0.936863  0.170236  5.5033 6.774e-08 ***      
                iis407         0.575411  0.149144  3.8581 0.0001337 ***      
                iis408         0.342815  0.148992  2.3009 0.0219254 *        
                iis415         0.755189  0.170038  4.4413 1.167e-05 ***      
                iis417         0.556606  0.170052  3.2732 0.0011586 **       
                fesisAUS.2005 -0.249421  0.084644 -2.9467 0.0034050 **       
                fesisBEL.2003 -0.239559  0.106277 -2.2541 0.0247451 *        
                fesisBRA.2005  0.403135  0.108981  3.6991 0.0002475 ***      
                fesisBRA.2009 -0.444593  0.087606 -5.0749 6.019e-07 ***      
                fesisCAN.2004 -0.311842  0.090414 -3.4490 0.0006241 ***      
                fesisCHE.2003 -0.602812  0.170092 -3.5440 0.0004420 ***      
                fesisCHE.2004  0.399470  0.144897  2.7569 0.0061096 **       
                fesisCHN.2015  0.340579  0.088239  3.8597 0.0001329 ***      
                fesisDNK.2005  0.244459  0.089771  2.7231 0.0067577 **       
                fesisESP.2003  0.436752  0.147035  2.9704 0.0031587 **       
                fesisESP.2016 -0.260663  0.079838 -3.2649 0.0011920 **       
                fesisISR.2005 -0.401794  0.156110 -2.5738 0.0104283 *        
                fesisISR.2006  0.799699  0.160441  4.9844 9.376e-07 ***      
                fesisISR.2009 -0.387815  0.094270 -4.1139 4.751e-05 ***      
                fesisRUS.2007 -0.264429  0.089790 -2.9450 0.0034238 **       
                fesisSGP.2007  0.690129  0.120753  5.7152 2.183e-08 ***      
                fesisSGP.2016 -0.387562  0.111924 -3.4627 0.0005941 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df p-value      
                Ljung-Box AR(1)   0.82577  1  0.3635      
                Ljung-Box ARCH(1) 1.78803  1  0.1812      
                                                
                SE of regression   0.13568      
                R-squared          0.99307      
                Log-lik.(n=475)  317.78560      

Ihs Count Energy

0.01

                Formula: ihs_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:44:54 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.570479  0.028860 19.7668 < 2.2e-16 ***      
                lgdp           0.636995  0.109539  5.8152 1.220e-08 ***      
                lpop          -1.540825  0.342277 -4.5017 8.797e-06 ***      
                idAUT         -0.462077  0.285889 -1.6163 0.1068026          
                idBEL         -0.364270  0.213910 -1.7029 0.0893417 .        
                idBRA          2.126104  0.700158  3.0366 0.0025453 **       
                idCAN          0.962958  0.159024  6.0554 3.168e-09 ***      
                idCHE         -0.959839  0.315360 -3.0436 0.0024879 **       
                idCHN          4.972548  1.269807  3.9160 0.0001054 ***      
                idDEU          2.791166  0.444872  6.2741 8.947e-10 ***      
                idDNK         -2.150115  0.485129 -4.4320 1.200e-05 ***      
                idESP          0.807215  0.281605  2.8665 0.0043645 **       
                idFIN         -1.159014  0.417770 -2.7743 0.0057851 **       
                idFRA          2.115267  0.369802  5.7200 2.057e-08 ***      
                idGBR          2.067032  0.366370  5.6419 3.140e-08 ***      
                idIND          3.683692  1.212791  3.0374 0.0025390 **       
                idISR         -1.434110  0.343331 -4.1771 3.610e-05 ***      
                idITA          1.667708  0.342056  4.8755 1.555e-06 ***      
                idJPN          0.593302  0.583719  1.0164 0.3100297          
                idKOR         -1.853528  0.609269 -3.0422 0.0024994 **       
                idNLD          0.213869  0.109979  1.9446 0.0525020 .        
                idNOR         -3.050616  0.560400 -5.4436 9.007e-08 ***      
                idRUS          0.484581  0.574879  0.8429 0.3997607          
                idSGP         -2.567095  0.494553 -5.1907 3.303e-07 ***      
                idSWE         -1.954672  0.354285 -5.5172 6.113e-08 ***      
                idTWN          0.854942  0.097436  8.7744 < 2.2e-16 ***      
                idUSA          3.985144  0.818239  4.8704 1.593e-06 ***      
                time2001      10.130237  4.926444  2.0563 0.0403862 *        
                time2002      10.030834  4.927828  2.0355 0.0424382 *        
                time2003      10.117969  4.929424  2.0526 0.0407489 *        
                time2004      10.198437  4.931329  2.0681 0.0392581 *        
                time2005      10.296004  4.933244  2.0871 0.0374993 *        
                time2006      10.353642  4.935213  2.0979 0.0365245 *        
                time2007      10.511807  4.937102  2.1291 0.0338376 *        
                time2008      10.562548  4.940509  2.1379 0.0331117 *        
                time2009      10.632193  4.942221  2.1513 0.0320363 *        
                time2010      10.616671  4.944289  2.1473 0.0323584 *        
                time2011      10.621111  4.946227  2.1473 0.0323539 *        
                time2012      10.509710  4.948406  2.1239 0.0342801 *        
                time2013      10.394935  4.950593  2.0997 0.0363628 *        
                time2014      10.415820  4.952804  2.1030 0.0360734 *        
                time2015      10.328754  4.955014  2.0845 0.0377326 *        
                time2016      10.452378  4.957297  2.1085 0.0355953 *        
                time2017      10.491216  4.958979  2.1156 0.0349813 *        
                time2018      10.433731  4.960670  2.1033 0.0360491 *        
                time2019      10.334269  4.962609  2.0824 0.0379229 *        
                iis41         -0.674423  0.170417 -3.9575 8.926e-05 ***      
                iis43         -0.585549  0.169841 -3.4476 0.0006240 ***      
                iis57         -0.609514  0.169821 -3.5891 0.0003719 ***      
                iis58         -0.748399  0.171683 -4.3592 1.653e-05 ***      
                iis62          0.533373  0.171135  3.1167 0.0019577 **       
                iis63          0.528727  0.171259  3.0873 0.0021571 **       
                iis72          0.683000  0.170835  3.9980 7.576e-05 ***      
                iis74         -0.663754  0.171423 -3.8720 0.0001256 ***      
                iis75          0.535023  0.171182  3.1255 0.0019015 **       
                iis400        -0.563275  0.202032 -2.7880 0.0055495 **       
                iis402         1.132878  0.203517  5.5665 4.705e-08 ***      
                iis403         0.740009  0.201606  3.6706 0.0002740 ***      
                iis404         1.073753  0.201882  5.3187 1.722e-07 ***      
                iis407         0.530384  0.172289  3.0785 0.0022206 **       
                fesisCHN.2015  0.323868  0.103696  3.1232 0.0019156 **       
                fesisDNK.2007  0.313517  0.084113  3.7273 0.0002207 ***      
                fesisESP.2003  0.673133  0.125891  5.3469 1.489e-07 ***      
                fesisRUS.2007 -0.441699  0.091988 -4.8017 2.209e-06 ***      
                fesisSGP.2007  0.873148  0.134642  6.4850 2.557e-10 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    4.5667  1 0.0325988 *        
                Ljung-Box ARCH(1) 13.0736  1 0.0002995 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.16108      
                R-squared          0.98997      
                Log-lik.(n=475)  225.79255      
0.05

                Formula: ihs_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:44:50 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.564430  0.026687 21.1501 < 2.2e-16 ***      
                lgdp           0.590123  0.097672  6.0419 3.551e-09 ***      
                lpop          -1.027963  0.352070 -2.9198 0.0037057 **       
                idAUT         -0.253427  0.289082 -0.8767 0.3812088          
                idBEL         -0.033707  0.233772 -0.1442 0.8854262          
                idBRA          0.794132  0.761642  1.0427 0.2977509          
                idCAN          0.813996  0.194919  4.1761 3.660e-05 ***      
                idCHE         -0.473529  0.341697 -1.3858 0.1665938          
                idCHN          2.811670  1.363097  2.0627 0.0398003 *        
                idDEU          1.950069  0.478198  4.0780 5.507e-05 ***      
                idDNK         -1.562680  0.480864 -3.2497 0.0012551 **       
                idESP          0.497795  0.316070  1.5750 0.1160765          
                idFIN         -0.743926  0.427104 -1.7418 0.0823313 .        
                idFRA          1.373374  0.403149  3.4066 0.0007260 ***      
                idGBR          1.332458  0.398119  3.3469 0.0008964 ***      
                idIND          1.591139  1.316503  1.2086 0.2275430          
                idISR         -1.161644  0.375499 -3.0936 0.0021195 **       
                idITA          0.957345  0.376393  2.5435 0.0113599 *        
                idJPN         -0.223957  0.618597 -0.3620 0.7175180          
                idKOR         -2.147153  0.570515 -3.7635 0.0001932 ***      
                idNLD          0.107981  0.111964  0.9644 0.3354282          
                idNOR         -2.441097  0.548550 -4.4501 1.121e-05 ***      
                idRUS         -0.669390  0.638501 -1.0484 0.2951125          
                idSGP         -2.028543  0.501014 -4.0489 6.206e-05 ***      
                idSWE         -1.689831  0.337564 -5.0060 8.424e-07 ***      
                idTWN          0.600630  0.112389  5.3442 1.546e-07 ***      
                idUSA          2.552194  0.880698  2.8979 0.0039679 **       
                time2001       2.981940  5.258544  0.5671 0.5709950          
                time2002       2.885412  5.259180  0.5486 0.5835637          
                time2003       3.018469  5.260967  0.5737 0.5664682          
                time2004       3.112651  5.261445  0.5916 0.5544629          
                time2005       3.202485  5.261512  0.6087 0.5431016          
                time2006       3.241776  5.262745  0.6160 0.5382624          
                time2007       3.400951  5.264144  0.6461 0.5186197          
                time2008       3.447296  5.267054  0.6545 0.5131734          
                time2009       3.516052  5.267781  0.6675 0.5048698          
                time2010       3.513757  5.269300  0.6668 0.5052704          
                time2011       3.535469  5.271102  0.6707 0.5027907          
                time2012       3.402409  5.273385  0.6452 0.5191734          
                time2013       3.303639  5.275653  0.6262 0.5315460          
                time2014       3.286489  5.278428  0.6226 0.5338930          
                time2015       3.209030  5.281151  0.6076 0.5437801          
                time2016       3.314920  5.283250  0.6274 0.5307374          
                time2017       3.383236  5.284975  0.6402 0.5224427          
                time2018       3.300545  5.286601  0.6243 0.5327798          
                time2019       3.223662  5.288720  0.6095 0.5425236          
                iis41         -0.671499  0.150717 -4.4554 1.095e-05 ***      
                iis43         -0.592123  0.149737 -3.9544 9.108e-05 ***      
                iis49         -0.471658  0.149370 -3.1576 0.0017139 **       
                iis57         -0.629995  0.149492 -4.2142 3.115e-05 ***      
                iis58         -0.658299  0.151051 -4.3581 1.679e-05 ***      
                iis62          0.555158  0.150350  3.6924 0.0002537 ***      
                iis63          0.570184  0.150104  3.7986 0.0001687 ***      
                iis71          0.372603  0.149973  2.4845 0.0133922 *        
                iis72          0.704378  0.149728  4.7044 3.538e-06 ***      
                iis74         -0.662954  0.150284 -4.4113 1.330e-05 ***      
                iis75          0.552858  0.150462  3.6744 0.0002717 ***      
                iis156        -0.429419  0.157658 -2.7237 0.0067442 **       
                iis173        -0.442624  0.203524 -2.1748 0.0302437 *        
                iis374        -0.486725  0.147876 -3.2914 0.0010874 **       
                iis382         0.449358  0.161098  2.7893 0.0055398 **       
                iis385         0.416513  0.162190  2.5681 0.0105974 *        
                iis400        -0.535252  0.176964 -3.0246 0.0026536 **       
                iis402         1.112584  0.178153  6.2451 1.105e-09 ***      
                iis403         0.711460  0.176497  4.0310 6.678e-05 ***      
                iis404         1.046815  0.176729  5.9233 6.921e-09 ***      
                iis407         0.576881  0.154614  3.7311 0.0002189 ***      
                iis408         0.350914  0.154551  2.2705 0.0237186 *        
                iis415         0.777122  0.176359  4.4065 1.359e-05 ***      
                iis417         0.572212  0.176361  3.2446 0.0012776 **       
                fesisAUS.2005 -0.264960  0.087693 -3.0215 0.0026810 **       
                fesisBEL.2003 -0.249421  0.110144 -2.2645 0.0240899 *        
                fesisCAN.2004 -0.323208  0.093739 -3.4480 0.0006262 ***      
                fesisCHE.2003 -0.619055  0.176416 -3.5091 0.0005020 ***      
                fesisCHE.2004  0.406155  0.150249  2.7032 0.0071670 **       
                fesisCHN.2015  0.355666  0.091352  3.8934 0.0001162 ***      
                fesisDNK.2007  0.232731  0.078397  2.9686 0.0031756 **       
                fesisESP.2003  0.376790  0.150857  2.4977 0.0129118 *        
                fesisISR.2005 -0.424527  0.161863 -2.6228 0.0090632 **       
                fesisISR.2006  0.806996  0.166577  4.8446 1.832e-06 ***      
                fesisISR.2009 -0.384165  0.097636 -3.9347 9.859e-05 ***      
                fesisRUS.2007 -0.276243  0.091849 -3.0076 0.0028037 **       
                fesisSGP.2007  0.770934  0.125012  6.1669 1.738e-09 ***      
                fesisSGP.2016 -0.393377  0.116054 -3.3896 0.0007711 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   1.1571  1 0.28208        
                Ljung-Box ARCH(1) 5.0967  1 0.02397 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.14073      
                R-squared          0.99270      
                Log-lik.(n=475)  299.42270      

Max Count Energy

0.01

                Formula: max_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:45:30 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error   t-stat   p-value          
                ar1            0.8200669  0.0167597  48.9309 < 2.2e-16 ***      
                lgdp           0.0218930  0.0047091   4.6491 4.516e-06 ***      
                lpop          -0.0528639  0.0165867  -3.1871 0.0015482 **       
                idAUT         -0.0153769  0.0139525  -1.1021 0.2710767          
                idBEL         -0.0077649  0.0104160  -0.7455 0.4564095          
                idBRA          0.0950870  0.0344971   2.7564 0.0061080 **       
                idCAN          0.0248075  0.0075668   3.2785 0.0011336 **       
                idCHE         -0.0330919  0.0154945  -2.1357 0.0333002 *        
                idCHN          0.1715388  0.0621912   2.7583 0.0060738 **       
                idDEU          0.0899083  0.0223946   4.0147 7.089e-05 ***      
                idDNK         -0.0717816  0.0233935  -3.0684 0.0022960 **       
                idESP          0.0480193  0.0133744   3.5904 0.0003706 ***      
                idFIN         -0.0315273  0.0204332  -1.5429 0.1236237          
                idFRA          0.0640950  0.0177688   3.6072 0.0003481 ***      
                idGBR          0.0619801  0.0175362   3.5344 0.0004557 ***      
                idIND          0.1273913  0.0595003   2.1410 0.0328674 *        
                idISR         -0.0458592  0.0167382  -2.7398 0.0064187 **       
                idITA          0.0529997  0.0165188   3.2084 0.0014404 **       
                idJPN          0.0670980  0.0299568   2.2398 0.0256429 *        
                idKOR         -0.0657374  0.0271445  -2.4218 0.0158831 *        
                idNLD          0.0054881  0.0051436   1.0670 0.2866171          
                idNOR         -0.0942584  0.0266393  -3.5383 0.0004492 ***      
                idRUS          0.0133467  0.0269165   0.4959 0.6202642          
                idSGP         -0.0461210  0.0221196  -2.0851 0.0376870 *        
                idSWE         -0.0645447  0.0167663  -3.8497 0.0001374 ***      
                idTWN          0.0214855  0.0041845   5.1346 4.397e-07 ***      
                idUSA          0.1519990  0.0404382   3.7588 0.0001958 ***      
                time2001       0.2786576  0.2397234   1.1624 0.2457506          
                time2002       0.2773240  0.2398311   1.1563 0.2482259          
                time2003       0.2781964  0.2399173   1.1596 0.2469132          
                time2004       0.2814729  0.2400157   1.1727 0.2415929          
                time2005       0.2832499  0.2401304   1.1796 0.2388630          
                time2006       0.2815222  0.2402155   1.1720 0.2419017          
                time2007       0.2857234  0.2403911   1.1886 0.2353008          
                time2008       0.2853288  0.2405597   1.1861 0.2362749          
                time2009       0.2880392  0.2407294   1.1965 0.2321894          
                time2010       0.2879228  0.2408615   1.1954 0.2326336          
                time2011       0.2858134  0.2409788   1.1861 0.2362953          
                time2012       0.2794977  0.2411364   1.1591 0.2471025          
                time2013       0.2787277  0.2412212   1.1555 0.2485710          
                time2014       0.2791986  0.2413341   1.1569 0.2479949          
                time2015       0.2779314  0.2414258   1.1512 0.2503240          
                time2016       0.2818723  0.2415078   1.1671 0.2438407          
                time2017       0.2853465  0.2416042   1.1810 0.2382744          
                time2018       0.2848370  0.2417010   1.1785 0.2393001          
                time2019       0.2771300  0.2418026   1.1461 0.2524287          
                iis146        -0.0605253  0.0093483  -6.4745 2.750e-10 ***      
                iis313         0.0725453  0.0104090   6.9695 1.293e-11 ***      
                iis314         0.2225157  0.0097936  22.7204 < 2.2e-16 ***      
                iis315         0.1004815  0.0096829  10.3772 < 2.2e-16 ***      
                iis316        -0.0515012  0.0099842  -5.1583 3.905e-07 ***      
                iis317        -0.0756078  0.0096492  -7.8356 4.130e-14 ***      
                iis323        -0.1446513  0.0094804 -15.2580 < 2.2e-16 ***      
                iis332         0.0381418  0.0110943   3.4380 0.0006467 ***      
                iis333         0.0419065  0.0107273   3.9065 0.0001097 ***      
                iis336         0.0409598  0.0106314   3.8527 0.0001357 ***      
                iis339         0.0868058  0.0095258   9.1127 < 2.2e-16 ***      
                iis463         0.0373739  0.0099810   3.7445 0.0002069 ***      
                iis464         0.0526493  0.0096275   5.4686 7.941e-08 ***      
                iis465         0.0480123  0.0094914   5.0585 6.412e-07 ***      
                iis470        -0.0611566  0.0097532  -6.2704 9.219e-10 ***      
                fesisCHN.2016  0.0885867  0.0066186  13.3845 < 2.2e-16 ***      
                fesisDEU.2007  0.0560867  0.0056571   9.9144 < 2.2e-16 ***      
                fesisDEU.2012 -0.0493442  0.0051353  -9.6087 < 2.2e-16 ***      
                fesisJPN.2009  0.0400207  0.0072687   5.5059 6.524e-08 ***      
                fesisKOR.2009  0.0587758  0.0082937   7.0868 6.114e-12 ***      
                fesisKOR.2014 -0.0405277  0.0073652  -5.5026 6.641e-08 ***      
                fesisUSA.2006  0.0542929  0.0077735   6.9843 1.177e-11 ***      
                fesisUSA.2014 -0.0500897  0.0056337  -8.8910 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df  p-value         
                Ljung-Box AR(1)    0.36946  1 0.543298         
                Ljung-Box ARCH(1) 10.71006  1 0.001066 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00847      
                R-squared           0.99802      
                Log-lik.(n=475)  1626.73282      
0.05

                Formula: max_count_energy~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:45:53 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error   t-stat   p-value          
                ar1            0.8673664  0.0169616  51.1371 < 2.2e-16 ***      
                lgdp           0.0178608  0.0043318   4.1232 4.549e-05 ***      
                lpop          -0.0395885  0.0152533  -2.5954 0.0097966 **       
                idAUT         -0.0090345  0.0127589  -0.7081 0.4793008          
                idBEL         -0.0038167  0.0095168  -0.4010 0.6886000          
                idBRA          0.0699411  0.0316788   2.2078 0.0278249 *        
                idCAN          0.0183908  0.0069666   2.6399 0.0086194 **       
                idCHE         -0.0234106  0.0142030  -1.6483 0.1000812          
                idCHN          0.1266343  0.0571170   2.2171 0.0271790 *        
                idDEU          0.0683440  0.0206782   3.3051 0.0010352 **       
                idDNK         -0.0536973  0.0214971  -2.4979 0.0128953 *        
                idESP          0.0365481  0.0123123   2.9684 0.0031738 **       
                idFIN         -0.0206720  0.0187060  -1.1051 0.2697819          
                idFRA          0.0481614  0.0163823   2.9398 0.0034747 **       
                idGBR          0.0465881  0.0161580   2.8833 0.0041487 **       
                idIND          0.0897606  0.0545533   1.6454 0.1006800          
                idISR         -0.0336688  0.0153710  -2.1904 0.0290723 *        
                idITA          0.0396220  0.0151943   2.6077 0.0094576 **       
                idJPN          0.0402470  0.0276813   1.4539 0.1467487          
                idKOR         -0.0541624  0.0247997  -2.1840 0.0295445 *        
                idNLD          0.0053651  0.0046858   1.1450 0.2529111          
                idNOR         -0.0715120  0.0245245  -2.9159 0.0037463 **       
                idRUS          0.0042673  0.0245835   0.1736 0.8622816          
                idSGP         -0.0322641  0.0202793  -1.5910 0.1124048          
                idSWE         -0.0496887  0.0154436  -3.2174 0.0013991 **       
                idTWN          0.0172431  0.0038627   4.4640 1.048e-05 ***      
                idUSA          0.1156534  0.0373054   3.1002 0.0020713 **       
                time2001       0.1682050  0.2192536   0.7672 0.4434337          
                time2002       0.1666774  0.2193543   0.7599 0.4477901          
                time2003       0.1662236  0.2194361   0.7575 0.4491954          
                time2004       0.1706813  0.2195246   0.7775 0.4373221          
                time2005       0.1722163  0.2196324   0.7841 0.4334400          
                time2006       0.1699534  0.2197377   0.7734 0.4397213          
                time2007       0.1732927  0.2198757   0.7881 0.4310832          
                time2008       0.1748248  0.2200194   0.7946 0.4273257          
                time2009       0.1758868  0.2201911   0.7988 0.4248866          
                time2010       0.1755804  0.2203090   0.7970 0.4259406          
                time2011       0.1731700  0.2204203   0.7856 0.4325474          
                time2012       0.1664303  0.2205853   0.7545 0.4509975          
                time2013       0.1661785  0.2206387   0.7532 0.4517917          
                time2014       0.1676386  0.2207429   0.7594 0.4480443          
                time2015       0.1664594  0.2208244   0.7538 0.4514087          
                time2016       0.1697664  0.2209113   0.7685 0.4426554          
                time2017       0.1722434  0.2209919   0.7794 0.4362001          
                time2018       0.1712209  0.2210735   0.7745 0.4390953          
                time2019       0.1652590  0.2211591   0.7472 0.4553586          
                iis130         0.0841471  0.0085630   9.8268 < 2.2e-16 ***      
                iis131         0.0896652  0.0089579  10.0096 < 2.2e-16 ***      
                iis132         0.0966293  0.0095422  10.1265 < 2.2e-16 ***      
                iis133         0.0495094  0.0102655   4.8229 2.016e-06 ***      
                iis146        -0.0643236  0.0085308  -7.5401 3.194e-13 ***      
                iis307         0.0310318  0.0086404   3.5915 0.0003699 ***      
                iis311         0.0327353  0.0086954   3.7647 0.0001918 ***      
                iis313         0.1418066  0.0104000  13.6353 < 2.2e-16 ***      
                iis314         0.2862500  0.0098336  29.1094 < 2.2e-16 ***      
                iis315         0.1525938  0.0098885  15.4314 < 2.2e-16 ***      
                iis317        -0.0807776  0.0088227  -9.1557 < 2.2e-16 ***      
                iis323        -0.1459022  0.0086342 -16.8981 < 2.2e-16 ***      
                iis332         0.0474398  0.0101832   4.6587 4.343e-06 ***      
                iis333         0.0464854  0.0097710   4.7575 2.744e-06 ***      
                iis336         0.0388953  0.0096799   4.0182 7.011e-05 ***      
                iis339         0.0738497  0.0091553   8.0664 8.566e-15 ***      
                iis462         0.0276307  0.0104507   2.6439 0.0085187 **       
                iis463         0.0529554  0.0097696   5.4204 1.031e-07 ***      
                iis464         0.0616792  0.0091788   6.7197 6.302e-11 ***      
                iis465         0.0540926  0.0089023   6.0762 2.875e-09 ***      
                iis470        -0.0689275  0.0089338  -7.7153 9.759e-14 ***      
                fesisDEU.2007  0.0502205  0.0052674   9.5342 < 2.2e-16 ***      
                fesisDEU.2012 -0.0491915  0.0046706 -10.5323 < 2.2e-16 ***      
                fesisJPN.2008 -0.0272065  0.0083868  -3.2440 0.0012780 **       
                fesisJPN.2013  0.0576772  0.0066350   8.6929 < 2.2e-16 ***      
                fesisKOR.2009  0.0455303  0.0078037   5.8345 1.117e-08 ***      
                fesisKOR.2014 -0.0678464  0.0079910  -8.4904 4.107e-16 ***      
                fesisKOR.2016  0.0400690  0.0071923   5.5711 4.662e-08 ***      
                fesisUSA.2006  0.0330661  0.0085356   3.8739 0.0001251 ***      
                fesisUSA.2014 -0.0406466  0.0058132  -6.9921 1.146e-11 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                     Chi-sq df p-value        
                Ljung-Box AR(1)   0.0041136  1 0.94886        
                Ljung-Box ARCH(1) 5.8148059  1 0.01589 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.00771      
                R-squared           0.99839      
                Log-lik.(n=475)  1675.27553      

Solar

Count Solar

0.01

                Formula: count_solar~ gdp + pop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:40:31 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            9.0962e-01  1.3664e-02  66.5694 < 2.2e-16 ***      
                gdp           -3.3518e-13  3.9636e-14  -8.4564 4.868e-16 ***      
                pop            1.3589e-07  6.3492e-08   2.1402 0.0329264 *        
                idAUT         -1.4418e-01  8.2055e+00  -0.0176 0.9859895          
                idBEL         -1.6381e+00  8.1927e+00  -0.1999 0.8416209          
                idBRA         -2.6881e+01  1.3706e+01  -1.9613 0.0505227 .        
                idCAN         -1.4423e+00  8.1913e+00  -0.1761 0.8603214          
                idCHE          1.1526e+00  8.2051e+00   0.1405 0.8883560          
                idCHN         -1.4058e+02  8.2909e+01  -1.6956 0.0907141 .        
                idDEU          6.0116e+01  1.1440e+01   5.2548 2.385e-07 ***      
                idDNK         -1.1866e+00  8.2384e+00  -0.1440 0.8855425          
                idESP         -2.5904e+00  8.2884e+00  -0.3125 0.7547985          
                idFIN         -1.3489e+00  8.2393e+00  -0.1637 0.8700411          
                idFRA          3.3791e+00  8.6475e+00   0.3908 0.6961795          
                idGBR         -2.9941e+00  8.5663e+00  -0.3495 0.7268809          
                idIND         -1.3777e+02  7.7096e+01  -1.7870 0.0746746 .        
                idISR          2.8979e+00  8.2070e+00   0.3531 0.7241960          
                idITA         -2.8502e+00  8.4951e+00  -0.3355 0.7374106          
                idJPN          2.0169e+02  2.2172e+01   9.0966 < 2.2e-16 ***      
                idKOR          3.7617e+02  4.4179e+01   8.5145 3.181e-16 ***      
                idNLD          8.8769e-01  8.1634e+00   0.1087 0.9134616          
                idNOR         -9.8243e-01  8.2482e+00  -0.1191 0.9052478          
                idRUS          4.6434e+00  1.1309e+01   0.4106 0.6815844          
                idSGP         -1.6847e+00  8.2412e+00  -0.2044 0.8381194          
                idSWE         -5.2606e-01  8.2096e+00  -0.0641 0.9489392          
                idTWN          1.0829e+01  8.2321e+00   1.3155 0.1890693          
                idUSA          2.5627e+01  2.1849e+01   1.1729 0.2415209          
                time2001      -7.7082e+00  7.6375e+00  -1.0093 0.3134481          
                time2002      -9.1307e+00  7.6401e+00  -1.1951 0.2327351          
                time2003      -3.0853e+00  7.6464e+00  -0.4035 0.6867936          
                time2004       1.7358e-01  7.6530e+00   0.0227 0.9819158          
                time2005       7.6668e+00  7.6624e+00   1.0006 0.3176234          
                time2006       6.6160e+00  7.7275e+00   0.8562 0.3924040          
                time2007       1.5610e+01  7.7071e+00   2.0254 0.0434770 *        
                time2008       1.9902e+01  7.9213e+00   2.5125 0.0123693 *        
                time2009       3.0994e+01  7.8688e+00   3.9388 9.618e-05 ***      
                time2010       5.6349e+00  7.9543e+00   0.7084 0.4790941          
                time2011       1.0666e+01  8.0472e+00   1.3254 0.1857840          
                time2012      -7.3005e+00  7.9939e+00  -0.9133 0.3616417          
                time2013      -6.6278e+00  7.9216e+00  -0.8367 0.4032610          
                time2014      -1.3268e+01  7.8809e+00  -1.6835 0.0930359 .        
                time2015       1.0723e+00  7.8201e+00   0.1371 0.8910022          
                time2016      -3.9035e-01  7.9016e+00  -0.0494 0.9606234          
                time2017      -5.2073e+00  7.9559e+00  -0.6545 0.5131411          
                time2018       7.4008e+00  7.8633e+00   0.9412 0.3471619          
                time2019      -9.7391e+00  7.9089e+00  -1.2314 0.2188708          
                iis131         1.0972e+02  2.9666e+01   3.6986 0.0002462 ***      
                iis133        -3.3789e+02  3.0312e+01 -11.1471 < 2.2e-16 ***      
                iis141         1.5274e+02  2.6991e+01   5.6590 2.860e-08 ***      
                iis312         2.5140e+02  2.7294e+01   9.2110 < 2.2e-16 ***      
                iis313         4.1390e+02  2.7357e+01  15.1292 < 2.2e-16 ***      
                iis314         4.6981e+02  2.8341e+01  16.5770 < 2.2e-16 ***      
                iis316        -1.7030e+02  2.9130e+01  -5.8462 1.026e-08 ***      
                iis321        -8.2276e+01  2.7750e+01  -2.9649 0.0032045 **       
                iis339         2.6278e+02  2.7383e+01   9.5963 < 2.2e-16 ***      
                iis462         8.3640e+01  3.0957e+01   2.7018 0.0071819 **       
                iis464         2.1372e+02  2.9823e+01   7.1661 3.599e-12 ***      
                fesisCHN.2015  1.5363e+02  1.7395e+01   8.8323 < 2.2e-16 ***      
                fesisDEU.2012 -1.9892e+02  2.0258e+01  -9.8194 < 2.2e-16 ***      
                fesisDEU.2014  1.2338e+02  2.1390e+01   5.7681 1.578e-08 ***      
                fesisJPN.2012 -6.0358e+01  1.4459e+01  -4.1745 3.647e-05 ***      
                fesisKOR.2007  2.0540e+02  2.1947e+01   9.3587 < 2.2e-16 ***      
                fesisUSA.2006  1.5012e+02  2.1714e+01   6.9137 1.812e-11 ***      
                fesisUSA.2011 -2.3192e+02  1.7227e+01 -13.4629 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df   p-value          
                Ljung-Box AR(1)   17.028  1 3.683e-05 ***      
                Ljung-Box ARCH(1) 44.880  1 2.095e-11 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    25.13839      
                R-squared            0.99153      
                Log-lik.(n=475)  -2173.58396      
0.05

                Formula: count_solar~ gdp + pop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:41:04 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error   t-stat   p-value          
                ar1            8.2237e-01  1.1174e-02  73.5988 < 2.2e-16 ***      
                gdp           -9.8520e-14  4.1398e-14  -2.3798 0.0177958 *        
                pop            8.3123e-08  5.1554e-08   1.6123 0.1076898          
                idAUT         -2.1403e+00  6.5893e+00  -0.3248 0.7454882          
                idBEL         -3.9211e+00  6.5789e+00  -0.5960 0.5515084          
                idBRA         -2.1739e+01  1.1089e+01  -1.9605 0.0506436 .        
                idCAN         -8.0602e-01  6.5785e+00  -0.1225 0.9025458          
                idCHE          6.3022e-01  6.5895e+00   0.0956 0.9238557          
                idCHN         -7.4172e+01  6.7148e+01  -1.1046 0.2700002          
                idDEU          4.6488e+01  1.0318e+01   4.5056 8.730e-06 ***      
                idDNK         -5.0376e+00  6.6164e+00  -0.7614 0.4468886          
                idESP         -1.1236e+00  6.6586e+00  -0.1687 0.8660859          
                idFIN         -4.9793e+00  6.6163e+00  -0.7526 0.4521474          
                idFRA          1.1029e+01  6.9475e+00   1.5875 0.1131920          
                idGBR          1.2646e+00  6.8842e+00   0.1837 0.8543470          
                idIND         -9.5390e+01  6.2309e+01  -1.5309 0.1265912          
                idISR          1.9823e+00  6.5911e+00   0.3007 0.7637643          
                idITA          8.3382e-01  6.8263e+00   0.1221 0.9028438          
                idJPN          1.0742e+02  2.1693e+01   4.9516 1.093e-06 ***      
                idKOR          1.2200e+02  4.5468e+01   2.6833 0.0075968 **       
                idNLD          4.1070e-01  6.5555e+00   0.0627 0.9500764          
                idNOR         -5.3622e+00  6.6249e+00  -0.8094 0.4187708          
                idRUS         -9.7056e+00  9.1493e+00  -1.0608 0.2894278          
                idSGP         -5.1935e+00  6.6179e+00  -0.7848 0.4330577          
                idSWE         -4.2573e+00  6.5941e+00  -0.6456 0.5189036          
                idTWN          1.8093e+01  6.6128e+00   2.7361 0.0064983 **       
                idUSA          3.5286e+01  1.8201e+01   1.9386 0.0532569 .        
                time2001      -2.4192e+00  6.1406e+00  -0.3940 0.6938196          
                time2002      -4.3149e+00  6.1390e+00  -0.7029 0.4825501          
                time2003       1.3187e+00  6.1428e+00   0.2147 0.8301306          
                time2004       4.3918e+00  6.1448e+00   0.7147 0.4752067          
                time2005       8.6548e+00  6.1987e+00   1.3962 0.1634332          
                time2006       1.0233e+01  6.2074e+00   1.6485 0.1000426          
                time2007       1.7845e+01  6.2596e+00   2.8508 0.0045902 **       
                time2008       2.1364e+01  6.4136e+00   3.3310 0.0009468 ***      
                time2009       3.0864e+01  6.3920e+00   4.8286 1.970e-06 ***      
                time2010       1.6631e+01  6.4046e+00   2.5967 0.0097625 **       
                time2011       1.4953e+01  6.4599e+00   2.3148 0.0211346 *        
                time2012       3.4459e+00  6.4702e+00   0.5326 0.5946196          
                time2013       3.1595e+00  6.4342e+00   0.4911 0.6236606          
                time2014      -5.8534e+00  6.3572e+00  -0.9208 0.3577417          
                time2015       1.8341e+00  6.3852e+00   0.2873 0.7740704          
                time2016       4.0362e+00  6.4434e+00   0.6264 0.5314115          
                time2017       2.4075e+00  6.4500e+00   0.3733 0.7091583          
                time2018       6.0163e+00  6.4568e+00   0.9318 0.3520235          
                time2019      -4.2072e+00  6.4510e+00  -0.6522 0.5146687          
                iis129         1.1786e+02  2.1533e+01   5.4733 7.864e-08 ***      
                iis130         1.9260e+02  2.1697e+01   8.8767 < 2.2e-16 ***      
                iis131         2.9099e+02  2.2038e+01  13.2039 < 2.2e-16 ***      
                iis132         2.3588e+02  2.2746e+01  10.3703 < 2.2e-16 ***      
                iis133        -1.2389e+02  2.3317e+01  -5.3131 1.805e-07 ***      
                iis141         1.0130e+02  2.3165e+01   4.3728 1.571e-05 ***      
                iis145        -8.2151e+01  2.2762e+01  -3.6091 0.0003467 ***      
                iis146        -1.1113e+02  2.2391e+01  -4.9632 1.033e-06 ***      
                iis312         2.6938e+02  2.1547e+01  12.5020 < 2.2e-16 ***      
                iis313         4.6430e+02  2.1592e+01  21.5027 < 2.2e-16 ***      
                iis314         5.4200e+02  2.2320e+01  24.2832 < 2.2e-16 ***      
                iis315         1.4473e+02  2.3874e+01   6.0623 3.138e-09 ***      
                iis316        -1.2849e+02  2.3578e+01  -5.4496 8.905e-08 ***      
                iis321        -1.1163e+02  2.1586e+01  -5.1716 3.697e-07 ***      
                iis322        -7.3759e+01  2.1518e+01  -3.4277 0.0006727 ***      
                iis331         1.0880e+02  2.4239e+01   4.4886 9.418e-06 ***      
                iis332         1.1968e+02  2.3969e+01   4.9930 8.937e-07 ***      
                iis334         1.0878e+02  2.2272e+01   4.8844 1.510e-06 ***      
                iis339         2.4858e+02  2.2531e+01  11.0327 < 2.2e-16 ***      
                iis342        -7.0890e+01  2.4509e+01  -2.8923 0.0040354 **       
                iis461         8.2203e+01  2.2321e+01   3.6827 0.0002629 ***      
                iis462         2.6168e+02  2.2119e+01  11.8306 < 2.2e-16 ***      
                iis463         2.1788e+02  2.1865e+01   9.9647 < 2.2e-16 ***      
                iis464         4.3406e+02  2.1959e+01  19.7665 < 2.2e-16 ***      
                iis465         2.9427e+02  2.2553e+01  13.0480 < 2.2e-16 ***      
                iis466         2.0486e+02  2.2986e+01   8.9125 < 2.2e-16 ***      
                iis471         1.7615e+02  2.9185e+01   6.0356 3.651e-09 ***      
                iis473        -6.0938e+01  2.9228e+01  -2.0849 0.0377169 *        
                fesisDEU.2007  1.0309e+02  1.3994e+01   7.3670 1.028e-12 ***      
                fesisDEU.2012 -1.4030e+02  1.3733e+01 -10.2158 < 2.2e-16 ***      
                fesisKOR.2007  1.1901e+02  2.2813e+01   5.2167 2.947e-07 ***      
                fesisUSA.2015 -4.5893e+01  2.2002e+01  -2.0858 0.0376357 *        
                fesisUSA.2018  1.1378e+02  2.9372e+01   3.8736 0.0001255 ***      
                fesisUSA.2019 -1.6379e+02  2.9199e+01  -5.6093 3.826e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df   p-value          
                Ljung-Box AR(1)    3.553  1   0.05944 .        
                Ljung-Box ARCH(1) 34.752  1 3.745e-09 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression    20.18707      
                R-squared            0.99475      
                Log-lik.(n=475)  -2061.39098      

Log Count Solar

0.01

                Formula: log_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:40:46 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.318381   0.038200  8.3346 1.159e-15 ***      
                lgdp            1.462351   0.160133  9.1321 < 2.2e-16 ***      
                lpop           -1.402610   0.539174 -2.6014 0.0096170 **       
                idAUT           0.102260   0.464855  0.2200 0.8259933          
                idBEL           0.046228   0.354515  0.1304 0.8963144          
                idBRA          -0.514862   1.175939 -0.4378 0.6617374          
                idCAN          -0.155149   0.307812 -0.5040 0.6145033          
                idCHE          -0.613439   0.505971 -1.2124 0.2260511          
                idCHN           1.308428   2.079978  0.6291 0.5296575          
                idDEU           1.854889   0.725407  2.5570 0.0109126 *        
                idDNK          -3.582046   0.757281 -4.7301 3.083e-06 ***      
                idESP          -0.098961   0.497732 -0.1988 0.8424980          
                idFIN          -0.554543   0.670788 -0.8267 0.4088813          
                idFRA           1.185319   0.617737  1.9188 0.0556959 .        
                idGBR           1.114820   0.610693  1.8255 0.0686462 .        
                idIND          -1.028870   2.025696 -0.5079 0.6117876          
                idISR          -1.368448   0.539838 -2.5349 0.0116145 *        
                idITA           0.959833   0.582152  1.6488 0.0999538 .        
                idJPN          -4.627412   1.006471 -4.5977 5.684e-06 ***      
                idKOR          -8.227877   0.989481 -8.3153 1.331e-15 ***      
                idNLD           0.339119   0.210596  1.6103 0.1080977          
                idNOR          -4.606938   0.857312 -5.3737 1.290e-07 ***      
                idRUS          -4.688019   0.996558 -4.7042 3.479e-06 ***      
                idSGP          -1.254590   0.718413 -1.7463 0.0814943 .        
                idSWE          -3.696588   0.546347 -6.7660 4.535e-11 ***      
                idTWN           0.239417   0.234302  1.0218 0.3074585          
                idUSA           1.611892   1.342311  1.2008 0.2305027          
                time2001      -14.925538   8.167101 -1.8275 0.0683413 .        
                time2002      -14.886499   8.168550 -1.8224 0.0691131 .        
                time2003      -14.731301   8.170710 -1.8029 0.0721247 .        
                time2004      -14.695068   8.172649 -1.7981 0.0728929 .        
                time2005      -14.545402   8.174528 -1.7794 0.0759148 .        
                time2006      -14.431043   8.179977 -1.7642 0.0784372 .        
                time2007      -14.186611   8.182009 -1.7339 0.0836841 .        
                time2008      -13.962716   8.183666 -1.7062 0.0887266 .        
                time2009      -13.764461   8.184932 -1.6817 0.0933844 .        
                time2010      -13.845366   8.186839 -1.6912 0.0915562 .        
                time2011      -13.932297   8.190300 -1.7011 0.0896802 .        
                time2012      -13.935099   8.194240 -1.7006 0.0897697 .        
                time2013      -14.243710   8.197955 -1.7375 0.0830477 .        
                time2014      -14.270649   8.203278 -1.7396 0.0826676 .        
                time2015      -14.374020   8.207224 -1.7514 0.0806199 .        
                time2016      -14.301077   8.212081 -1.7415 0.0823443 .        
                time2017      -14.400442   8.214727 -1.7530 0.0803416 .        
                time2018      -14.480212   8.217892 -1.7620 0.0788013 .        
                time2019      -14.626779   8.222366 -1.7789 0.0759896 .        
                iis67          -0.985059   0.318408 -3.0937 0.0021107 **       
                iis156         -1.159270   0.315193 -3.6780 0.0002661 ***      
                iis164         -1.086838   0.314759 -3.4529 0.0006117 ***      
                iis187         -1.155486   0.315580 -3.6615 0.0002833 ***      
                iis325         -1.068522   0.335650 -3.1834 0.0015652 **       
                iis363         -1.161420   0.315789 -3.6778 0.0002662 ***      
                iis382          1.417667   0.320416  4.4245 1.238e-05 ***      
                iis383          1.246624   0.321589  3.8765 0.0001232 ***      
                iis405         -1.763754   0.318924 -5.5303 5.673e-08 ***      
                fesisAUS.2005  -0.599096   0.179423 -3.3390 0.0009169 ***      
                fesisBRA.2014   0.784790   0.156101  5.0275 7.414e-07 ***      
                fesisESP.2003   1.282714   0.232800  5.5099 6.320e-08 ***      
                fesisKOR.2007   0.527536   0.169703  3.1086 0.0020096 **       
                fesisRUS.2019  -0.926086   0.317077 -2.9207 0.0036834 **       
                fesisTWN.2006   0.786772   0.169925  4.6301 4.900e-06 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df p-value        
                Ljung-Box AR(1)   0.58748  1 0.44339        
                Ljung-Box ARCH(1) 5.61279  1 0.01783 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.29958      
                R-squared          0.96882      
                Log-lik.(n=475)  -70.94279      
0.05

                Formula: log_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:40:52 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.302204   0.035525  8.5068 3.743e-16 ***      
                lgdp            1.242419   0.160128  7.7589 7.388e-14 ***      
                lpop           -0.283535   0.518897 -0.5464 0.5850872          
                idAUT           0.979455   0.440405  2.2240 0.0267139 *        
                idBEL           0.527252   0.337130  1.5639 0.1186312          
                idBRA          -2.461839   1.136318 -2.1665 0.0308700 *        
                idCAN          -0.511320   0.300461 -1.7018 0.0895823 .        
                idCHE           0.386182   0.480498  0.8037 0.4220466          
                idCHN          -2.648341   1.996964 -1.3262 0.1855451          
                idDEU           0.601632   0.692348  0.8690 0.3853893          
                idDNK          -2.085426   0.724238 -2.8795 0.0042001 **       
                idESP          -0.861197   0.477267 -1.8044 0.0719245 .        
                idFIN           0.380864   0.628760  0.6057 0.5450370          
                idFRA           0.108905   0.594035  0.1833 0.8546326          
                idGBR           0.033387   0.588908  0.0567 0.9548178          
                idIND          -4.670838   1.937483 -2.4108 0.0163745 *        
                idISR          -0.234384   0.514371 -0.4557 0.6488764          
                idITA          -0.067755   0.562423 -0.1205 0.9041723          
                idJPN          -5.217369   0.972786 -5.3633 1.394e-07 ***      
                idKOR          -7.619900   0.978857 -7.7845 6.202e-14 ***      
                idNLD           0.516364   0.203532  2.5370 0.0115639 *        
                idNOR          -2.771828   0.820638 -3.3777 0.0008037 ***      
                idRUS          -6.016568   0.954902 -6.3007 7.915e-10 ***      
                idSGP           0.040961   0.669506  0.0612 0.9512459          
                idSWE          -2.514078   0.526176 -4.7780 2.500e-06 ***      
                idTWN           0.112615   0.225823  0.4987 0.6182784          
                idUSA          -0.722847   1.277457 -0.5658 0.5718181          
                time2001      -27.620938   7.766919 -3.5562 0.0004219 ***      
                time2002      -27.730725   7.765448 -3.5710 0.0003994 ***      
                time2003      -27.515527   7.769957 -3.5413 0.0004457 ***      
                time2004      -27.413494   7.768481 -3.5288 0.0004666 ***      
                time2005      -27.262718   7.771634 -3.5080 0.0005035 ***      
                time2006      -27.159580   7.774115 -3.4936 0.0005305 ***      
                time2007      -26.906407   7.775718 -3.4603 0.0005984 ***      
                time2008      -26.655793   7.776979 -3.4275 0.0006731 ***      
                time2009      -26.466127   7.777589 -3.4029 0.0007350 ***      
                time2010      -26.546733   7.779180 -3.4125 0.0007101 ***      
                time2011      -26.629251   7.782297 -3.4218 0.0006871 ***      
                time2012      -26.659720   7.786686 -3.4238 0.0006823 ***      
                time2013      -26.969108   7.790413 -3.4618 0.0005951 ***      
                time2014      -27.005133   7.796130 -3.4639 0.0005907 ***      
                time2015      -27.115014   7.800726 -3.4760 0.0005655 ***      
                time2016      -27.047236   7.805545 -3.4651 0.0005881 ***      
                time2017      -27.147000   7.808018 -3.4768 0.0005638 ***      
                time2018      -27.262706   7.811876 -3.4899 0.0005377 ***      
                time2019      -27.484480   7.815747 -3.5166 0.0004880 ***      
                iis3            0.619120   0.303989  2.0367 0.0423512 *        
                iis40           0.821239   0.271490  3.0249 0.0026494 **       
                iis67          -0.850578   0.278285 -3.0565 0.0023915 **       
                iis76           0.670174   0.288648  2.3218 0.0207533 *        
                iis81          -0.857171   0.270398 -3.1700 0.0016430 **       
                iis154          0.903692   0.273981  3.2984 0.0010606 **       
                iis156         -1.045354   0.272097 -3.8418 0.0001422 ***      
                iis157          0.554878   0.275009  2.0177 0.0443009 *        
                iis159          0.673647   0.272013  2.4765 0.0136849 *        
                iis164         -0.977624   0.271582 -3.5997 0.0003591 ***      
                iis187         -1.153450   0.270820 -4.2591 2.568e-05 ***      
                iis209          0.759500   0.281414  2.6989 0.0072561 **       
                iis249          0.914685   0.275874  3.3156 0.0009991 ***      
                iis325         -0.964880   0.288877 -3.3401 0.0009171 ***      
                iis363         -1.003884   0.272125 -3.6891 0.0002566 ***      
                iis382          1.518217   0.278796  5.4456 9.092e-08 ***      
                iis383          1.331048   0.277518  4.7963 2.295e-06 ***      
                iis386          0.757682   0.272931  2.7761 0.0057634 **       
                iis398          1.507790   0.372804  4.0445 6.308e-05 ***      
                iis400         -0.705584   0.281537 -2.5062 0.0126054 *        
                iis402          0.882602   0.281020  3.1407 0.0018122 **       
                iis404          0.840406   0.278061  3.0224 0.0026713 **       
                iis405         -1.626624   0.277733 -5.8568 9.944e-09 ***      
                fesisAUS.2005  -0.562052   0.174753 -3.2163 0.0014057 **       
                fesisAUT.2015  -0.572020   0.150007 -3.8133 0.0001591 ***      
                fesisAUT.2019   0.957191   0.294650  3.2486 0.0012591 **       
                fesisBRA.2005  -0.452024   0.163260 -2.7687 0.0058926 **       
                fesisBRA.2014   0.826093   0.153209  5.3919 1.202e-07 ***      
                fesisCHN.2015   0.618470   0.169029  3.6590 0.0002876 ***      
                fesisESP.2003   1.194627   0.200479  5.9589 5.629e-09 ***      
                fesisFIN.2012   0.449366   0.130529  3.4427 0.0006376 ***      
                fesisKOR.2007   0.603564   0.148755  4.0574 5.981e-05 ***      
                fesisRUS.2018  -0.650320   0.274442 -2.3696 0.0182871 *        
                fesisTWN.2006   0.821673   0.147973  5.5529 5.168e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                     Chi-sq df p-value      
                Ljung-Box AR(1)   0.0002914  1  0.9864      
                Ljung-Box ARCH(1) 0.9517375  1  0.3293      
                                               
                SE of regression  0.25687      
                R-squared         0.97813      
                Log-lik.(n=475)  11.61873      

Ihs Count Solar

0.01

                Formula: ihs_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:44:55 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1             0.24124   0.03729  6.4693 2.796e-10 ***      
                lgdp            1.78481   0.16984 10.5087 < 2.2e-16 ***      
                lpop           -1.64350   0.58158 -2.8259 0.0049438 **       
                idAUT           0.24811   0.51329  0.4834 0.6290912          
                idBEL           0.17522   0.39046  0.4488 0.6538461          
                idBRA          -0.87396   1.28882 -0.6781 0.4980805          
                idCAN          -0.18388   0.33390 -0.5507 0.5821459          
                idCHE          -0.63473   0.55237 -1.1491 0.2511774          
                idCHN           1.24052   2.28532  0.5428 0.5875464          
                idDEU           2.08475   0.78668  2.6501 0.0083575 **       
                idDNK          -4.22063   0.80690 -5.2307 2.693e-07 ***      
                idESP          -0.15787   0.53179 -0.2969 0.7667146          
                idFIN          -0.82898   0.73377 -1.1298 0.2592350          
                idFRA           1.35195   0.66974  2.0186 0.0441754 *        
                idGBR           1.30137   0.66078  1.9694 0.0495722 *        
                idIND          -1.54018   2.23919 -0.6878 0.4919482          
                idISR          -1.56954   0.58304 -2.6920 0.0073921 **       
                idITA           1.12373   0.62990  1.7840 0.0751600 .        
                idJPN          -5.90724   1.13829 -5.1896 3.316e-07 ***      
                idKOR         -10.17475   1.08641 -9.3655 < 2.2e-16 ***      
                idNLD           0.47226   0.22642  2.0858 0.0376128 *        
                idNOR          -5.45990   0.90966 -6.0021 4.273e-09 ***      
                idRUS          -5.78306   1.12164 -5.1559 3.927e-07 ***      
                idSGP          -2.41171   0.87001 -2.7721 0.0058230 **       
                idSWE          -4.38129   0.57365 -7.6375 1.563e-13 ***      
                idTWN           0.29475   0.24697  1.1935 0.2333674          
                idUSA           1.64339   1.47363  1.1152 0.2654147          
                time2001      -19.13219   9.12786 -2.0960 0.0366897 *        
                time2002      -19.09196   9.13116 -2.0909 0.0371528 *        
                time2003      -18.92097   9.12897 -2.0726 0.0388282 *        
                time2004      -18.86517   9.13049 -2.0662 0.0394367 *        
                time2005      -18.70525   9.13268 -2.0482 0.0411770 *        
                time2006      -18.57497   9.13898 -2.0325 0.0427440 *        
                time2007      -18.30625   9.14099 -2.0027 0.0458692 *        
                time2008      -18.04259   9.14209 -1.9736 0.0490979 *        
                time2009      -17.79689   9.14268 -1.9466 0.0522653 .        
                time2010      -17.87884   9.14479 -1.9551 0.0512489 .        
                time2011      -17.96667   9.14886 -1.9638 0.0502236 .        
                time2012      -17.99505   9.15424 -1.9658 0.0499974 *        
                time2013      -18.32914   9.15840 -2.0013 0.0460104 *        
                time2014      -18.38879   9.16495 -2.0064 0.0454639 *        
                time2015      -18.50683   9.16945 -2.0183 0.0442061 *        
                time2016      -18.48628   9.17454 -2.0150 0.0445586 *        
                time2017      -18.55106   9.17817 -2.0212 0.0439036 *        
                time2018      -18.63854   9.18189 -2.0299 0.0430062 *        
                time2019      -18.79991   9.18706 -2.0463 0.0413566 *        
                iis67          -1.09318   0.33492 -3.2641 0.0011899 **       
                iis156         -1.52303   0.33142 -4.5955 5.749e-06 ***      
                iis164         -1.17111   0.33095 -3.5386 0.0004480 ***      
                iis249          0.92217   0.33679  2.7381 0.0064468 **       
                iis325         -1.09938   0.35338 -3.1111 0.0019937 **       
                iis363         -1.62011   0.33256 -4.8717 1.581e-06 ***      
                iis382          1.59340   0.33801  4.7141 3.327e-06 ***      
                iis383          1.45463   0.33787  4.3053 2.086e-05 ***      
                iis405         -2.33311   0.33844 -6.8938 2.049e-11 ***      
                fesisAUS.2005  -0.68415   0.19002 -3.6005 0.0003564 ***      
                fesisBRA.2014   1.12189   0.16630  6.7461 5.160e-11 ***      
                fesisESP.2003   1.49409   0.24441  6.1129 2.271e-09 ***      
                fesisFIN.2012   0.70017   0.15426  4.5388 7.434e-06 ***      
                fesisKOR.2007   0.57959   0.17722  3.2704 0.0011643 **       
                fesisRUS.2019  -1.03211   0.33369 -3.0931 0.0021159 **       
                fesisSGP.2003   1.14321   0.25289  4.5205 8.075e-06 ***      
                fesisTWN.2006   0.91577   0.17824  5.1379 4.298e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df  p-value         
                Ljung-Box AR(1)   0.73021  1 0.392815         
                Ljung-Box ARCH(1) 6.84008  1 0.008913 **      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.31496      
                R-squared          0.96927      
                Log-lik.(n=475)  -93.71908      
0.05

                Formula: ihs_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:44:36 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1             0.224776   0.034346  6.5444 1.862e-10 ***      
                lgdp            1.400048   0.171046  8.1852 3.807e-15 ***      
                lpop           -0.119248   0.574086 -0.2077 0.8355568          
                idAUT           1.075274   0.481945  2.2311 0.0262357 *        
                idBEL           0.509870   0.362754  1.4056 0.1606454          
                idBRA          -3.817038   1.261306 -3.0263 0.0026385 **       
                idCAN          -0.887329   0.320198 -2.7712 0.0058498 **       
                idCHE           0.428488   0.526034  0.8146 0.4158142          
                idCHN          -4.043810   2.222220 -1.8197 0.0695610 .        
                idDEU           0.199871   0.762908  0.2620 0.7934697          
                idDNK          -2.299972   0.789431 -2.9135 0.0037782 **       
                idESP          -1.421891   0.516421 -2.7534 0.0061717 **       
                idFIN           0.382162   0.693810  0.5508 0.5820717          
                idFRA          -0.311071   0.652721 -0.4766 0.6339283          
                idGBR          -0.380785   0.646375 -0.5891 0.5561259          
                idIND          -6.315404   2.159103 -2.9250 0.0036436 **       
                idISR          -0.281833   0.561735 -0.5017 0.6161451          
                idITA          -0.487897   0.616661 -0.7912 0.4293081          
                idJPN          -6.449510   1.074042 -6.0049 4.352e-09 ***      
                idKOR          -8.988046   1.050271 -8.5578 2.598e-16 ***      
                idNLD           0.422911   0.204385  2.0692 0.0391799 *        
                idNOR          -2.981636   0.903717 -3.2993 0.0010575 **       
                idRUS          -7.435433   1.058191 -7.0265 9.366e-12 ***      
                idSGP          -0.806095   0.823593 -0.9788 0.3283020          
                idSWE          -2.907548   0.563980 -5.1554 4.014e-07 ***      
                idTWN          -0.129674   0.228353 -0.5679 0.5704501          
                idUSA          -1.567704   1.420451 -1.1037 0.2704113          
                time2001      -33.914279   8.668821 -3.9122 0.0001077 ***      
                time2002      -33.953236   8.670890 -3.9158 0.0001062 ***      
                time2003      -33.724908   8.672327 -3.8888 0.0001182 ***      
                time2004      -33.624943   8.670318 -3.8782 0.0001233 ***      
                time2005      -33.409431   8.675067 -3.8512 0.0001371 ***      
                time2006      -33.297350   8.675981 -3.8379 0.0001445 ***      
                time2007      -33.044788   8.677460 -3.8081 0.0001624 ***      
                time2008      -32.773141   8.679814 -3.7758 0.0001841 ***      
                time2009      -32.542924   8.680663 -3.7489 0.0002042 ***      
                time2010      -32.612049   8.682667 -3.7560 0.0001987 ***      
                time2011      -32.701780   8.686092 -3.7648 0.0001920 ***      
                time2012      -32.734523   8.690999 -3.7665 0.0001908 ***      
                time2013      -33.051558   8.694288 -3.8015 0.0001666 ***      
                time2014      -33.108589   8.700680 -3.8053 0.0001642 ***      
                time2015      -33.240011   8.705587 -3.8182 0.0001561 ***      
                time2016      -33.176797   8.710900 -3.8087 0.0001620 ***      
                time2017      -33.287029   8.713637 -3.8201 0.0001549 ***      
                time2018      -33.411825   8.717928 -3.8325 0.0001476 ***      
                time2019      -33.648298   8.722228 -3.8578 0.0001336 ***      
                iis40           0.875439   0.290050  3.0182 0.0027078 **       
                iis67          -1.161437   0.302983 -3.8333 0.0001471 ***      
                iis76           0.758384   0.308291  2.4600 0.0143238 *        
                iis81          -0.907213   0.288751 -3.1419 0.0018057 **       
                iis154          0.919512   0.291889  3.1502 0.0017560 **       
                iis156         -1.408499   0.289932 -4.8580 1.714e-06 ***      
                iis159          0.670295   0.289856  2.3125 0.0212640 *        
                iis164         -1.091344   0.289340 -3.7718 0.0001869 ***      
                iis187         -1.181158   0.289222 -4.0839 5.366e-05 ***      
                iis209          0.781208   0.300517  2.5995 0.0096854 **       
                iis249          0.960583   0.295947  3.2458 0.0012714 **       
                iis325         -1.012619   0.308577 -3.2816 0.0011243 **       
                iis363         -1.584396   0.294776 -5.3749 1.315e-07 ***      
                iis382          1.632541   0.298821  5.4633 8.301e-08 ***      
                iis383          1.501668   0.295906  5.0748 5.990e-07 ***      
                iis386          0.790523   0.292279  2.7047 0.0071334 **       
                iis398          1.673368   0.398134  4.2030 3.261e-05 ***      
                iis402          0.870459   0.303610  2.8670 0.0043660 **       
                iis404          0.874690   0.299440  2.9211 0.0036888 **       
                iis405         -2.131276   0.298796 -7.1329 4.742e-12 ***      
                fesisAUS.2005  -0.851499   0.167956 -5.0698 6.141e-07 ***      
                fesisAUT.2015  -0.446158   0.148087 -3.0128 0.0027556 **       
                fesisBRA.2005  -0.962834   0.243571 -3.9530 9.148e-05 ***      
                fesisBRA.2007   0.791496   0.229823  3.4439 0.0006348 ***      
                fesisBRA.2014   0.882705   0.175120  5.0406 7.089e-07 ***      
                fesisCHN.2015   0.672623   0.180488  3.7267 0.0002224 ***      
                fesisESP.2003   1.415859   0.214337  6.6058 1.284e-10 ***      
                fesisFIN.2012   0.583815   0.140107  4.1669 3.798e-05 ***      
                fesisKOR.2007   0.675793   0.157200  4.2990 2.166e-05 ***      
                fesisNOR.2013  -0.478438   0.145061 -3.2982 0.0010615 **       
                fesisNOR.2019   0.926080   0.303376  3.0526 0.0024226 **       
                fesisRUS.2018  -0.744175   0.293225 -2.5379 0.0115364 *        
                fesisSGP.2003   0.911314   0.227376  4.0080 7.325e-05 ***      
                fesisTWN.2006   0.560440   0.236246  2.3723 0.0181585 *        
                fesisTWN.2008   0.450888   0.217182  2.0761 0.0385339 *        
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                      Chi-sq df p-value        
                Ljung-Box AR(1)   1.0063e-05  1 0.99747        
                Ljung-Box ARCH(1) 5.6284e+00  1 0.01767 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.27429      
                R-squared          0.97771      
                Log-lik.(n=475)  -19.05716      

Max Count Solar

0.01

                Formula: max_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:46:01 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error   t-stat   p-value          
                ar1            0.9185613  0.0129985  70.6669 < 2.2e-16 ***      
                lgdp           0.0100909  0.0083018   1.2155 0.2248745          
                lpop          -0.0260018  0.0283481  -0.9172 0.3595623          
                idAUT         -0.0098246  0.0238568  -0.4118 0.6806889          
                idBEL         -0.0055743  0.0178389  -0.3125 0.7548346          
                idBRA          0.0463889  0.0589079   0.7875 0.4314557          
                idCAN          0.0101168  0.0127745   0.7920 0.4288467          
                idCHE         -0.0172873  0.0264371  -0.6539 0.5135415          
                idCHN          0.0895688  0.1058210   0.8464 0.3978148          
                idDEU          0.0703488  0.0368898   1.9070 0.0572210 .        
                idDNK         -0.0398389  0.0402156  -0.9906 0.3224512          
                idESP          0.0233943  0.0229065   1.0213 0.3077186          
                idFIN         -0.0179016  0.0348671  -0.5134 0.6079328          
                idFRA          0.0306455  0.0299940   1.0217 0.3075168          
                idGBR          0.0275888  0.0296925   0.9292 0.3533583          
                idIND          0.0643677  0.1013887   0.6349 0.5258742          
                idISR         -0.0218442  0.0285573  -0.7649 0.4447560          
                idITA          0.0262998  0.0281852   0.9331 0.3513161          
                idJPN          0.0150356  0.0500191   0.3006 0.7638750          
                idKOR         -0.0351166  0.0482102  -0.7284 0.4667818          
                idNLD          0.0019752  0.0089195   0.2215 0.8248517          
                idNOR         -0.0471892  0.0456098  -1.0346 0.3014540          
                idRUS          0.0077218  0.0460683   0.1676 0.8669684          
                idSGP         -0.0247615  0.0376938  -0.6569 0.5116074          
                idSWE         -0.0325087  0.0288427  -1.1271 0.2603595          
                idTWN          0.0131259  0.0071619   1.8327 0.0675692 .        
                idUSA          0.0793414  0.0674121   1.1770 0.2398953          
                time2001       0.1544551  0.4092992   0.3774 0.7060983          
                time2002       0.1529486  0.4094675   0.3735 0.7089472          
                time2003       0.1563428  0.4096059   0.3817 0.7028889          
                time2004       0.1575792  0.4097698   0.3846 0.7007667          
                time2005       0.1615840  0.4099471   0.3942 0.6936696          
                time2006       0.1599873  0.4101290   0.3901 0.6966728          
                time2007       0.1664536  0.4103318   0.4057 0.6852073          
                time2008       0.1689255  0.4106545   0.4114 0.6810265          
                time2009       0.1760671  0.4109050   0.4285 0.6685228          
                time2010       0.1589116  0.4111237   0.3865 0.6993052          
                time2011       0.1612055  0.4113085   0.3919 0.6953117          
                time2012       0.1540091  0.4115806   0.3742 0.7084574          
                time2013       0.1541864  0.4117795   0.3744 0.7082716          
                time2014       0.1495853  0.4119484   0.3631 0.7167053          
                time2015       0.1586573  0.4121044   0.3850 0.7004427          
                time2016       0.1572799  0.4122822   0.3815 0.7030408          
                time2017       0.1566250  0.4124402   0.3798 0.7043266          
                time2018       0.1609010  0.4125571   0.3900 0.6967329          
                time2019       0.1499243  0.4126777   0.3633 0.7165711          
                iis131         0.0651856  0.0174165   3.7427 0.0002081 ***      
                iis133        -0.2154674  0.0177934 -12.1094 < 2.2e-16 ***      
                iis141         0.0950457  0.0158371   6.0015 4.313e-09 ***      
                iis312         0.1546938  0.0160144   9.6597 < 2.2e-16 ***      
                iis313         0.2614931  0.0160614  16.2809 < 2.2e-16 ***      
                iis314         0.2907400  0.0166529  17.4588 < 2.2e-16 ***      
                iis316        -0.1063153  0.0171412  -6.2023 1.363e-09 ***      
                iis321        -0.0560726  0.0162932  -3.4415 0.0006382 ***      
                iis339         0.1643438  0.0162808  10.0943 < 2.2e-16 ***      
                iis340        -0.0689104  0.0163242  -4.2214 2.994e-05 ***      
                iis462         0.0555972  0.0181978   3.0552 0.0023968 **       
                iis464         0.1345395  0.0174962   7.6896 1.110e-13 ***      
                fesisCHN.2015  0.0861277  0.0110731   7.7781 6.055e-14 ***      
                fesisDEU.2012 -0.1294556  0.0119995 -10.7885 < 2.2e-16 ***      
                fesisDEU.2014  0.0801794  0.0125755   6.3758 4.920e-10 ***      
                fesisJPN.2012 -0.0484339  0.0087543  -5.5326 5.643e-08 ***      
                fesisKOR.2007  0.0858951  0.0094492   9.0902 < 2.2e-16 ***      
                fesisKOR.2012 -0.0934830  0.0094828  -9.8582 < 2.2e-16 ***      
                fesisUSA.2006  0.0923149  0.0128155   7.2034 2.845e-12 ***      
                fesisUSA.2011 -0.1448084  0.0101056 -14.3296 < 2.2e-16 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df   p-value          
                Ljung-Box AR(1)   22.903  1 1.703e-06 ***      
                Ljung-Box ARCH(1) 51.720  1 6.399e-13 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.01475      
                R-squared           0.99260      
                Log-lik.(n=475)  1361.97673      
0.05

                Formula: max_count_solar~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:46:04 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error   t-stat   p-value          
                ar1            0.8320071  0.0111317  74.7424 < 2.2e-16 ***      
                lgdp           0.0161534  0.0070642   2.2867 0.0227420 *        
                lpop          -0.0176560  0.0238192  -0.7413 0.4589804          
                idAUT          0.0068395  0.0199801   0.3423 0.7322963          
                idBEL          0.0076652  0.0149539   0.5126 0.6085247          
                idBRA          0.0210219  0.0494327   0.4253 0.6708759          
                idCAN          0.0057417  0.0107452   0.5343 0.5933999          
                idCHE         -0.0028143  0.0221567  -0.1270 0.8989904          
                idCHN          0.0402240  0.0886911   0.4535 0.6504161          
                idDEU          0.0453016  0.0313833   1.4435 0.1496722          
                idDNK         -0.0313806  0.0338162  -0.9280 0.3539859          
                idESP          0.0199764  0.0192967   1.0352 0.3011958          
                idFIN          0.0043272  0.0291942   0.1482 0.8822425          
                idFRA          0.0234100  0.0251925   0.9292 0.3533273          
                idGBR          0.0195167  0.0249499   0.7822 0.4345447          
                idIND          0.0059876  0.0849183   0.0705 0.9438235          
                idISR         -0.0102042  0.0239659  -0.4258 0.6704989          
                idITA          0.0187622  0.0236875   0.7921 0.4287930          
                idJPN         -0.0249592  0.0415560  -0.6006 0.5484391          
                idKOR         -0.0821101  0.0409167  -2.0068 0.0454545 *        
                idNLD          0.0094024  0.0075226   1.2499 0.2120783          
                idNOR         -0.0402290  0.0383836  -1.0481 0.2952417          
                idRUS         -0.0331867  0.0385577  -0.8607 0.3899237          
                idSGP         -0.0043414  0.0315762  -0.1375 0.8907148          
                idSWE         -0.0323004  0.0243259  -1.3278 0.1850035          
                idTWN          0.0202602  0.0060830   3.3306 0.0009479 ***      
                idUSA          0.0403730  0.0571482   0.7065 0.4803168          
                time2001      -0.1532347  0.3424724  -0.4474 0.6548045          
                time2002      -0.1548102  0.3426137  -0.4519 0.6516240          
                time2003      -0.1516170  0.3427294  -0.4424 0.6584550          
                time2004      -0.1503938  0.3428675  -0.4386 0.6611651          
                time2005      -0.1484199  0.3430324  -0.4327 0.6654900          
                time2006      -0.1481789  0.3431913  -0.4318 0.6661453          
                time2007      -0.1447772  0.3434076  -0.4216 0.6735531          
                time2008      -0.1415730  0.3436277  -0.4120 0.6805658          
                time2009      -0.1351683  0.3438575  -0.3931 0.6944616          
                time2010      -0.1465709  0.3440378  -0.4260 0.6703165          
                time2011      -0.1453227  0.3442199  -0.4222 0.6731229          
                time2012      -0.1527772  0.3444077  -0.4436 0.6575783          
                time2013      -0.1532528  0.3445439  -0.4448 0.6567079          
                time2014      -0.1591274  0.3446765  -0.4617 0.6445703          
                time2015      -0.1541060  0.3447995  -0.4469 0.6551599          
                time2016      -0.1522686  0.3449505  -0.4414 0.6591488          
                time2017      -0.1542521  0.3451259  -0.4469 0.6551595          
                time2018      -0.1515062  0.3452505  -0.4388 0.6610242          
                time2019      -0.1601768  0.3452875  -0.4639 0.6429785          
                iis129         0.0652206  0.0138438   4.7112 3.415e-06 ***      
                iis130         0.1100613  0.0140019   7.8604 3.659e-14 ***      
                iis131         0.1707671  0.0142645  11.9715 < 2.2e-16 ***      
                iis132         0.1334202  0.0147468   9.0474 < 2.2e-16 ***      
                iis133        -0.0912960  0.0151504  -6.0260 3.847e-09 ***      
                iis141         0.0638204  0.0144177   4.4265 1.240e-05 ***      
                iis145        -0.0543867  0.0141885  -3.8332 0.0001471 ***      
                iis146        -0.0710422  0.0139450  -5.0944 5.424e-07 ***      
                iis312         0.1697416  0.0134117  12.6562 < 2.2e-16 ***      
                iis313         0.2924286  0.0134172  21.7950 < 2.2e-16 ***      
                iis314         0.3390783  0.0138855  24.4195 < 2.2e-16 ***      
                iis315         0.0855073  0.0148103   5.7735 1.570e-08 ***      
                iis316        -0.0856393  0.0146739  -5.8362 1.113e-08 ***      
                iis321        -0.0728600  0.0134907  -5.4008 1.147e-07 ***      
                iis322        -0.0488791  0.0134767  -3.6269 0.0003243 ***      
                iis331         0.0360061  0.0149264   2.4122 0.0163086 *        
                iis332         0.0404471  0.0148340   2.7266 0.0066825 **       
                iis339         0.1785792  0.0148648  12.0135 < 2.2e-16 ***      
                iis461         0.0537210  0.0138992   3.8650 0.0001298 ***      
                iis462         0.1660134  0.0137708  12.0554 < 2.2e-16 ***      
                iis463         0.1383021  0.0136088  10.1627 < 2.2e-16 ***      
                iis464         0.2718007  0.0136696  19.8836 < 2.2e-16 ***      
                iis465         0.1823261  0.0140413  12.9850 < 2.2e-16 ***      
                iis466         0.1275964  0.0143164   8.9126 < 2.2e-16 ***      
                iis471         0.1293232  0.0157278   8.2226 2.884e-15 ***      
                fesisDEU.2007  0.0631002  0.0087280   7.2296 2.517e-12 ***      
                fesisDEU.2012 -0.0874837  0.0086601 -10.1019 < 2.2e-16 ***      
                fesisKOR.2007  0.0897319  0.0094226   9.5230 < 2.2e-16 ***      
                fesisKOR.2012 -0.0633116  0.0099324  -6.3743 5.120e-10 ***      
                fesisKOR.2016 -0.0208603  0.0098391  -2.1201 0.0346154 *        
                fesisUSA.2015 -0.0475565  0.0101939  -4.6652 4.224e-06 ***      
                fesisUSA.2018  0.0913449  0.0158166   5.7753 1.555e-08 ***      
                fesisUSA.2019 -0.1007163  0.0181628  -5.5452 5.375e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df   p-value          
                Ljung-Box AR(1)   11.667  1 0.0006362 ***      
                Ljung-Box ARCH(1) 45.107  1 1.865e-11 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.01256      
                R-squared           0.99480      
                Log-lik.(n=475)  1444.52702      

Wind

Count Wind

0.01

                Formula: count_wind~ gdp + pop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:41:07 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error  t-stat   p-value          
                ar1            7.4210e-01  1.7985e-02 41.2622 < 2.2e-16 ***      
                gdp            1.7768e-15  7.8700e-15  0.2258 0.8214932          
                pop            6.1922e-08  2.1870e-08  2.8314 0.0048659 **       
                idAUT          1.0994e+00  2.9736e+00  0.3697 0.7117816          
                idBEL          1.3529e-01  2.9686e+00  0.0456 0.9636728          
                idBRA         -1.2238e+01  4.8255e+00 -2.5360 0.0115869 *        
                idCAN          1.8345e+00  2.9741e+00  0.6168 0.5376985          
                idCHE          3.7858e-01  2.9746e+00  0.1273 0.8987899          
                idCHN         -6.3888e+01  2.8895e+01 -2.2110 0.0275938 *        
                idDEU          2.2168e+01  5.1501e+00  4.3044 2.103e-05 ***      
                idDNK          1.3983e+01  4.3596e+00  3.2074 0.0014459 **       
                idESP          8.3341e+00  3.0529e+00  2.7299 0.0066131 **       
                idFIN         -3.1627e-02  2.9808e+00 -0.0106 0.9915396          
                idFRA          1.5546e+00  3.1054e+00  0.5006 0.6169154          
                idGBR          1.0918e+01  3.1666e+00  3.4480 0.0006241 ***      
                idIND         -7.2740e+01  2.6712e+01 -2.7231 0.0067480 **       
                idISR          9.4188e-02  2.9751e+00  0.0317 0.9747594          
                idITA          4.5358e-01  3.0670e+00  0.1479 0.8825037          
                idJPN          1.1042e+01  5.5132e+00  2.0028 0.0458676 *        
                idKOR          5.3394e+00  1.1444e+01  0.4666 0.6410587          
                idNLD          4.2862e+00  2.9708e+00  1.4428 0.1498588          
                idNOR          1.9197e+00  2.9828e+00  0.6436 0.5202061          
                idRUS         -8.1998e+00  4.0083e+00 -2.0457 0.0414326 *        
                idSGP          1.4673e+00  2.9830e+00  0.4919 0.6230557          
                idSWE          7.4087e-01  2.9721e+00  0.2493 0.8032728          
                idTWN          1.3132e+00  2.9594e+00  0.4437 0.6574698          
                idUSA          4.6967e+00  7.3596e+00  0.6382 0.5237210          
                time2001      -1.4818e+00  2.7804e+00 -0.5329 0.5943761          
                time2002      -2.8262e+00  2.7773e+00 -1.0176 0.3094600          
                time2003      -1.8223e+00  2.7782e+00 -0.6559 0.5122407          
                time2004      -2.2757e+00  2.7782e+00 -0.8191 0.4131897          
                time2005      -1.3090e+00  2.7798e+00 -0.4709 0.6379719          
                time2006       3.1536e+00  2.7840e+00  1.1327 0.2579995          
                time2007       2.9108e+00  2.8123e+00  1.0350 0.3012719          
                time2008       7.0596e+00  2.8534e+00  2.4742 0.0137652 *        
                time2009       9.3743e+00  2.8210e+00  3.3230 0.0009716 ***      
                time2010       4.4659e+00  2.9088e+00  1.5353 0.1254937          
                time2011       6.9272e+00  2.8906e+00  2.3965 0.0170084 *        
                time2012      -1.4876e+00  2.8919e+00 -0.5144 0.6072516          
                time2013      -2.1248e+00  2.8945e+00 -0.7341 0.4633307          
                time2014      -1.3323e+00  2.8466e+00 -0.4680 0.6400216          
                time2015      -1.7448e+00  2.8379e+00 -0.6148 0.5390219          
                time2016      -4.7744e-01  2.8859e+00 -0.1654 0.8686824          
                time2017       2.7834e+00  2.8643e+00  0.9718 0.3317448          
                time2018      -2.4819e+00  2.8777e+00 -0.8625 0.3889433          
                time2019      -5.1302e-01  2.9052e+00 -0.1766 0.8599193          
                iis141         3.2055e+01  9.8719e+00  3.2471 0.0012630 **       
                iis143         1.0357e+02  9.8380e+00 10.5272 < 2.2e-16 ***      
                iis146        -8.8313e+01  9.9382e+00 -8.8862 < 2.2e-16 ***      
                iis149         4.1277e+01  9.8385e+00  4.1955 3.350e-05 ***      
                iis152        -5.4061e+01  9.8728e+00 -5.4758 7.669e-08 ***      
                iis160         3.0776e+01  1.0796e+01  2.8506 0.0045871 **       
                iis162         5.0359e+01  1.0790e+01  4.6671 4.162e-06 ***      
                iis164        -4.2153e+01  1.0881e+01 -3.8741 0.0001248 ***      
                iis165        -4.4921e+01  1.0784e+01 -4.1656 3.800e-05 ***      
                iis168         4.6751e+01  1.0760e+01  4.3449 1.765e-05 ***      
                iis170         7.8931e+01  1.3195e+01  5.9817 4.868e-09 ***      
                iis314         6.4396e+01  9.5898e+00  6.7151 6.393e-11 ***      
                iis463         1.0908e+02  9.8774e+00 11.0433 < 2.2e-16 ***      
                iis464         8.5974e+01  1.0012e+01  8.5868 < 2.2e-16 ***      
                iis465         1.4627e+02  1.0195e+01 14.3470 < 2.2e-16 ***      
                iis466         7.6357e+01  1.0817e+01  7.0592 7.346e-12 ***      
                iis469         1.0817e+02  1.3197e+01  8.1964 3.314e-15 ***      
                iis473         8.7299e+01  1.1417e+01  7.6465 1.524e-13 ***      
                fesisDEU.2006  3.4951e+01  5.5504e+00  6.2970 7.924e-10 ***      
                fesisDNK.2007  5.8536e+01  7.0824e+00  8.2650 2.029e-15 ***      
                fesisDNK.2012 -2.6797e+01  7.6075e+00 -3.5224 0.0004764 ***      
                fesisDNK.2018 -2.8136e+01  1.0855e+01 -2.5921 0.0098855 **       
                fesisUSA.2013 -3.2770e+01  1.0235e+01 -3.2018 0.0014737 **       
                fesisUSA.2015  4.0597e+01  1.1522e+01  3.5234 0.0004747 ***      
                fesisUSA.2017 -2.5642e+01  9.3188e+00 -2.7516 0.0061969 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df   p-value          
                Ljung-Box AR(1)    2.6377  1    0.1044          
                Ljung-Box ARCH(1) 46.6919  1 8.307e-12 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression     9.11890      
                R-squared            0.98392      
                Log-lik.(n=475)  -1688.41183      
0.05

                Formula: count_wind~ gdp + pop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:41:42 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                     coef   std.error  t-stat   p-value          
                ar1            7.2641e-01  1.6327e-02 44.4929 < 2.2e-16 ***      
                gdp            2.0628e-15  6.9019e-15  0.2989 0.7651976          
                pop            3.4387e-08  1.9890e-08  1.7289 0.0846077 .        
                idAUT          7.2467e-01  2.6050e+00  0.2782 0.7810186          
                idBEL         -1.7762e-01  2.6003e+00 -0.0683 0.9455757          
                idBRA         -7.5350e+00  4.3272e+00 -1.7413 0.0824042 .        
                idCAN          2.3260e+00  2.6057e+00  0.8926 0.3725929          
                idCHE         -3.7877e-02  2.6061e+00 -0.0145 0.9884111          
                idCHN         -3.2183e+01  2.6052e+01 -1.2353 0.2174388          
                idDEU          2.9535e+01  4.9013e+00  6.0259 3.850e-09 ***      
                idDNK          1.3993e+01  3.8183e+00  3.6648 0.0002812 ***      
                idESP          7.7933e+00  3.2116e+00  2.4266 0.0156868 *        
                idFIN         -5.4152e-01  2.6119e+00 -0.2073 0.8358602          
                idFRA          2.9687e+00  2.7303e+00  1.0873 0.2775655          
                idGBR          1.2737e+01  2.7896e+00  4.5660 6.646e-06 ***      
                idIND         -3.9189e+01  2.4289e+01 -1.6134 0.1074444          
                idISR         -3.3506e-01  2.6065e+00 -0.1285 0.8977803          
                idITA          1.6206e+00  2.6937e+00  0.6016 0.5477685          
                idJPN          1.4126e+01  5.2441e+00  2.6936 0.0073680 **       
                idKOR          6.1772e+00  1.0038e+01  0.6154 0.5386389          
                idNLD          4.3358e+00  2.6022e+00  1.6662 0.0964688 .        
                idNOR          1.4668e+00  2.6137e+00  0.5612 0.5749697          
                idRUS         -4.9036e+00  3.5718e+00 -1.3728 0.1705771          
                idSGP          1.0322e+00  2.6138e+00  0.3949 0.6931191          
                idSWE          4.2054e-01  2.6035e+00  0.1615 0.8717599          
                idTWN          1.4018e+00  2.5916e+00  0.5409 0.5888830          
                idUSA          1.6218e+01  6.5996e+00  2.4574 0.0144212 *        
                time2001      -1.3303e+00  2.4374e+00 -0.5458 0.5855172          
                time2002      -2.5895e+00  2.4350e+00 -1.0635 0.2882158          
                time2003      -1.5329e+00  2.4360e+00 -0.6293 0.5295286          
                time2004      -1.9213e+00  2.4364e+00 -0.7886 0.4308200          
                time2005      -7.9218e-02  2.4545e+00 -0.0323 0.9742695          
                time2006       3.5953e+00  2.4423e+00  1.4721 0.1417871          
                time2007       3.4795e+00  2.4683e+00  1.4097 0.1594172          
                time2008       8.0277e+00  2.5055e+00  3.2040 0.0014652 **       
                time2009       1.0332e+01  2.4817e+00  4.1632 3.853e-05 ***      
                time2010       5.7345e+00  2.5571e+00  2.2426 0.0254744 *        
                time2011       6.3358e+00  2.5539e+00  2.4809 0.0135209 *        
                time2012      -2.1710e+00  2.5554e+00 -0.8496 0.3960650          
                time2013      -1.0877e+00  2.5490e+00 -0.4267 0.6698258          
                time2014       3.0152e-01  2.5144e+00  0.1199 0.9046095          
                time2015       1.4827e-01  2.5007e+00  0.0593 0.9527509          
                time2016       6.4235e-01  2.5323e+00  0.2537 0.7998875          
                time2017       4.3281e+00  2.5274e+00  1.7124 0.0876007 .        
                time2018      -1.8937e+00  2.5724e+00 -0.7362 0.4620741          
                time2019       3.1952e-01  2.5589e+00  0.1249 0.9006931          
                iis138        -2.0597e+01  9.1127e+00 -2.2602 0.0243485 *        
                iis141         2.7803e+01  8.9861e+00  3.0939 0.0021153 **       
                iis143         1.0011e+02  8.9527e+00 11.1825 < 2.2e-16 ***      
                iis146        -7.1677e+01  9.5372e+00 -7.5155 3.816e-13 ***      
                iis149         5.5951e+01  9.4325e+00  5.9318 6.538e-09 ***      
                iis151         4.7168e+01  9.4411e+00  4.9961 8.796e-07 ***      
                iis152        -3.7826e+01  9.4796e+00 -3.9903 7.862e-05 ***      
                iis160         2.9210e+01  9.4596e+00  3.0878 0.0021582 **       
                iis162         5.0008e+01  9.4514e+00  5.2910 2.018e-07 ***      
                iis164        -3.7908e+01  9.5446e+00 -3.9716 8.479e-05 ***      
                iis165        -4.3571e+01  9.4473e+00 -4.6121 5.390e-06 ***      
                iis168         4.7099e+01  9.4257e+00  4.9968 8.764e-07 ***      
                iis170         7.8559e+01  1.1568e+01  6.7910 4.091e-11 ***      
                iis314         5.1123e+01  8.9795e+00  5.6933 2.431e-08 ***      
                iis322        -2.3758e+01  9.4297e+00 -2.5196 0.0121431 *        
                iis463         1.0684e+02  8.5607e+00 12.4798 < 2.2e-16 ***      
                iis464         8.5133e+01  8.6489e+00  9.8432 < 2.2e-16 ***      
                iis465         1.4650e+02  8.8040e+00 16.6399 < 2.2e-16 ***      
                iis466         7.8056e+01  9.3637e+00  8.3360 1.280e-15 ***      
                iis469         7.5404e+01  8.7180e+00  8.6493 < 2.2e-16 ***      
                iis470        -3.2764e+01  8.8553e+00 -3.6999 0.0002462 ***      
                iis473         8.5994e+01  1.0005e+01  8.5953 < 2.2e-16 ***      
                fesisCHN.2016  2.4993e+01  4.8250e+00  5.1799 3.542e-07 ***      
                fesisDEU.2006  3.5632e+01  5.7508e+00  6.1960 1.453e-09 ***      
                fesisDEU.2013 -1.8675e+01  5.9684e+00 -3.1290 0.0018837 **       
                fesisDNK.2007  6.1325e+01  6.2382e+00  9.8305 < 2.2e-16 ***      
                fesisDNK.2012 -2.8300e+01  6.6706e+00 -4.2424 2.756e-05 ***      
                fesisDNK.2018 -2.6136e+01  9.5191e+00 -2.7456 0.0063152 **       
                fesisESP.2011  3.6196e+01  6.3247e+00  5.7230 2.069e-08 ***      
                fesisESP.2013 -4.1880e+01  6.5540e+00 -6.3900 4.665e-10 ***      
                fesisJPN.2010  1.3807e+01  4.6860e+00  2.9464 0.0034053 **       
                fesisJPN.2016 -2.0964e+01  5.9737e+00 -3.5095 0.0005006 ***      
                fesisUSA.2017 -1.8039e+01  6.4043e+00 -2.8167 0.0050946 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.88141  1    0.3478          
                Ljung-Box ARCH(1) 33.61180  1 6.728e-09 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                  
                SE of regression     7.98551      
                R-squared            0.98791      
                Log-lik.(n=475)  -1621.36925      

Log Count Wind

0.01

                Formula: log_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:40:57 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.394207  0.037967 10.3828 < 2.2e-16 ***      
                lgdp           1.037082  0.197643  5.2472 2.471e-07 ***      
                lpop          -2.859649  0.751205 -3.8068 0.0001621 ***      
                idAUT          0.615256  0.797398  0.7716 0.4408034          
                idBEL          0.030940  0.588693  0.0526 0.9581098          
                idBRA          5.476095  1.673631  3.2720 0.0011574 **       
                idCAN          2.262772  0.537328  4.2112 3.119e-05 ***      
                idCHE         -1.391330  0.774361 -1.7967 0.0731048 .        
                idCHN         10.016512  2.969958  3.3726 0.0008147 ***      
                idDEU          5.754420  1.094731  5.2565 2.357e-07 ***      
                idDNK         -2.351216  1.064299 -2.2092 0.0277098 *        
                idESP          4.095435  0.748824  5.4692 7.837e-08 ***      
                idFIN         -1.658223  1.003852 -1.6519 0.0993215 .        
                idFRA          4.087295  0.932124  4.3849 1.473e-05 ***      
                idGBR          4.670985  0.927520  5.0360 7.110e-07 ***      
                idIND          8.316947  2.885026  2.8828 0.0041470 **       
                idISR         -2.035842  0.810909 -2.5106 0.0124340 *        
                idITA          3.843598  0.880576  4.3649 1.609e-05 ***      
                idJPN          1.126353  1.441742  0.7812 0.4351050          
                idKOR         -3.162119  1.286421 -2.4581 0.0143772 *        
                idNLD          1.346047  0.428070  3.1445 0.0017839 **       
                idNOR         -4.132856  1.195219 -3.4578 0.0006010 ***      
                idRUS          1.840322  1.409150  1.3060 0.1922844          
                idSGP         -2.752284  1.144690 -2.4044 0.0166377 *        
                idSWE         -2.668587  0.778191 -3.4292 0.0006661 ***      
                idTWN          1.561302  0.416352  3.7500 0.0002020 ***      
                idUSA          7.584660  1.952040  3.8855 0.0001189 ***      
                time2001      19.154272 11.581478  1.6539 0.0989117 .        
                time2002      19.287365 11.584930  1.6649 0.0966959 .        
                time2003      19.227352 11.594207  1.6584 0.0980025 .        
                time2004      19.358400 11.596267  1.6694 0.0958010 .        
                time2005      19.548159 11.600123  1.6852 0.0927097 .        
                time2006      19.784619 11.606714  1.7046 0.0890223 .        
                time2007      19.881775 11.609850  1.7125 0.0875548 .        
                time2008      20.104572 11.617008  1.7306 0.0842655 .        
                time2009      20.280278 11.623059  1.7448 0.0817563 .        
                time2010      20.180796 11.628694  1.7354 0.0834086 .        
                time2011      20.193352 11.633528  1.7358 0.0833451 .        
                time2012      20.063766 11.636867  1.7242 0.0854263 .        
                time2013      19.857295 11.641764  1.7057 0.0888150 .        
                time2014      19.890485 11.646553  1.7078 0.0884151 .        
                time2015      19.682597 11.651099  1.6893 0.0919084 .        
                time2016      19.875883 11.656345  1.7052 0.0889155 .        
                time2017      19.968375 11.660928  1.7124 0.0875686 .        
                time2018      19.700362 11.665558  1.6888 0.0920179 .        
                time2019      19.706584 11.669130  1.6888 0.0920147 .        
                iis21         -1.641691  0.392204 -4.1858 3.473e-05 ***      
                iis44         -1.747962  0.387618 -4.5095 8.473e-06 ***      
                iis56          1.162976  0.387708  2.9996 0.0028664 **       
                iis72          1.320965  0.387309  3.4106 0.0007118 ***      
                iis116        -1.551624  0.404715 -3.8339 0.0001458 ***      
                iis194         1.365391  0.388420  3.5152 0.0004879 ***      
                iis269        -1.210346  0.393745 -3.0739 0.0022524 **       
                iis382         1.095773  0.394900  2.7748 0.0057736 **       
                iis419         1.349455  0.389867  3.4613 0.0005934 ***      
                fesisAUS.2002  1.517907  0.436025  3.4812 0.0005522 ***      
                fesisAUS.2005 -0.943143  0.246006 -3.8338 0.0001458 ***      
                fesisAUT.2002 -1.011221  0.389629 -2.5953 0.0097855 **       
                fesisDNK.2006  0.710273  0.201751  3.5206 0.0004785 ***      
                fesisSGP.2007  1.483034  0.249987  5.9324 6.309e-09 ***      
                fesisSGP.2012 -1.241213  0.225589 -5.5021 6.588e-08 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value      
                Ljung-Box AR(1)   1.1532  1  0.2829      
                Ljung-Box ARCH(1) 1.9117  1  0.1668      
                                                 
                SE of regression    0.36897      
                R-squared           0.93787      
                Log-lik.(n=475)  -169.90289      
0.05

                Formula: log_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:41:41 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.313800  0.036834  8.5193 3.442e-16 ***      
                lgdp           0.960948  0.212185  4.5288 7.871e-06 ***      
                lpop          -3.950730  0.735551 -5.3711 1.341e-07 ***      
                idAUT         -1.471573  0.699918 -2.1025 0.0361440 *        
                idBEL         -0.789251  0.557090 -1.4167 0.1573492          
                idBRA          8.102258  1.615306  5.0159 7.999e-07 ***      
                idCAN          2.866072  0.493172  5.8115 1.279e-08 ***      
                idCHE         -2.490920  0.741280 -3.3603 0.0008546 ***      
                idCHN         14.906504  2.935686  5.0777 5.905e-07 ***      
                idDEU          7.540668  1.057267  7.1322 4.762e-12 ***      
                idDNK         -3.586903  1.029257 -3.4849 0.0005476 ***      
                idESP          5.023264  0.709904  7.0760 6.832e-12 ***      
                idFIN         -3.289075  0.977011 -3.3665 0.0008362 ***      
                idFRA          5.421004  0.891352  6.0818 2.813e-09 ***      
                idGBR          6.017625  0.888118  6.7757 4.526e-11 ***      
                idIND         12.359750  2.781450  4.4436 1.151e-05 ***      
                idISR         -3.193248  0.779765 -4.0951 5.122e-05 ***      
                idITA          4.258331  0.899054  4.7365 3.040e-06 ***      
                idJPN          4.330834  1.516933  2.8550 0.0045313 **       
                idKOR         -1.544395  1.373225 -1.1246 0.2614226          
                idNLD          1.098637  0.383147  2.8674 0.0043609 **       
                idNOR         -5.718955  1.169875 -4.8885 1.482e-06 ***      
                idRUS          4.960689  1.433049  3.4616 0.0005957 ***      
                idSGP         -4.673421  1.114602 -4.1929 3.404e-05 ***      
                idSWE         -3.223418  0.762795 -4.2258 2.961e-05 ***      
                idTWN          1.645044  0.367368  4.4779 9.885e-06 ***      
                idUSA         10.928217  1.905249  5.7358 1.935e-08 ***      
                time2001      39.648616 11.449470  3.4629 0.0005929 ***      
                time2002      39.797114 11.456776  3.4737 0.0005704 ***      
                time2003      39.776289 11.464504  3.4695 0.0005790 ***      
                time2004      39.928433 11.470373  3.4810 0.0005554 ***      
                time2005      40.097815 11.474606  3.4945 0.0005289 ***      
                time2006      40.424235 11.484262  3.5200 0.0004820 ***      
                time2007      40.576337 11.485433  3.5329 0.0004598 ***      
                time2008      40.776904 11.491629  3.5484 0.0004343 ***      
                time2009      40.988687 11.498224  3.5648 0.0004089 ***      
                time2010      40.938740 11.504744  3.5584 0.0004186 ***      
                time2011      40.963195 11.509836  3.5590 0.0004177 ***      
                time2012      40.845505 11.513331  3.5477 0.0004355 ***      
                time2013      40.634563 11.517704  3.5280 0.0004681 ***      
                time2014      40.655185 11.521720  3.5286 0.0004671 ***      
                time2015      40.473655 11.524632  3.5119 0.0004964 ***      
                time2016      40.614911 11.530442  3.5224 0.0004778 ***      
                time2017      40.784954 11.534360  3.5360 0.0004546 ***      
                time2018      40.502598 11.540874  3.5095 0.0005008 ***      
                time2019      40.449337 11.543578  3.5041 0.0005108 ***      
                iis17         -0.870031  0.339863 -2.5599 0.0108410 *        
                iis20          1.060201  0.339747  3.1206 0.0019380 **       
                iis21         -1.536295  0.341337 -4.5008 8.924e-06 ***      
                iis26         -0.948231  0.337299 -2.8113 0.0051814 **       
                iis44         -1.783172  0.338019 -5.2754 2.191e-07 ***      
                iis45          0.709668  0.344470  2.0602 0.0400382 *        
                iis56          1.125235  0.337419  3.3348 0.0009345 ***      
                iis57         -0.784358  0.339894 -2.3077 0.0215357 *        
                iis72          1.030231  0.367093  2.8065 0.0052575 **       
                iis101        -1.108878  0.336691 -3.2935 0.0010791 **       
                iis194         1.284207  0.337192  3.8085 0.0001621 ***      
                iis197        -0.869839  0.337322 -2.5787 0.0102804 *        
                iis269        -1.245443  0.343990 -3.6206 0.0003323 ***      
                iis272         0.738086  0.339864  2.1717 0.0304734 *        
                iis281        -0.879937  0.338929 -2.5962 0.0097779 **       
                iis419         1.220766  0.348902  3.4989 0.0005206 ***      
                fesisAUS.2002  1.557393  0.378524  4.1144 4.729e-05 ***      
                fesisAUS.2005 -0.862265  0.215593 -3.9995 7.581e-05 ***      
                fesisBRA.2008 -0.540459  0.180905 -2.9875 0.0029884 **       
                fesisBRA.2015  0.596270  0.211574  2.8183 0.0050719 **       
                fesisCHN.2002 -1.297513  0.401415 -3.2324 0.0013311 **       
                fesisCHN.2004  1.359501  0.284345  4.7812 2.466e-06 ***      
                fesisDNK.2006  0.723761  0.175697  4.1194 4.632e-05 ***      
                fesisIND.2005  1.146170  0.366130  3.1305 0.0018752 **       
                fesisIND.2006 -1.127345  0.401164 -2.8102 0.0051983 **       
                fesisIND.2008  1.015679  0.258660  3.9267 0.0001017 ***      
                fesisITA.2002  0.816712  0.339260  2.4073 0.0165285 *        
                fesisJPN.2004 -0.718823  0.211939 -3.3917 0.0007650 ***      
                fesisKOR.2017 -0.703094  0.246995 -2.8466 0.0046500 **       
                fesisKOR.2019  0.995642  0.401824  2.4778 0.0136376 *        
                fesisNOR.2019  1.104416  0.337216  3.2751 0.0011497 **       
                fesisRUS.2004 -0.819343  0.225595 -3.6319 0.0003185 ***      
                fesisSGP.2007  1.739330  0.224594  7.7443 8.205e-14 ***      
                fesisSGP.2012 -1.235897  0.197624 -6.2538 1.044e-09 ***      
                fesisSWE.2010 -0.421204  0.157773 -2.6697 0.0079065 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   1.9021  1 0.16784        
                Ljung-Box ARCH(1) 5.2928  1 0.02141 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                
                SE of regression   0.31964      
                R-squared          0.95562      
                Log-lik.(n=475)  -91.72557      

Ihs Count Wind

0.01

                Formula: ihs_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:44:57 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                   coef std.error  t-stat   p-value          
                ar1            0.350947  0.038098  9.2117 < 2.2e-16 ***      
                lgdp           0.837536  0.235238  3.5604 0.0004132 ***      
                lpop          -4.160123  0.880574 -4.7243 3.165e-06 ***      
                idAUT         -0.341781  0.947686 -0.3606 0.7185456          
                idBEL         -0.748593  0.701883 -1.0665 0.2867958          
                idBRA          8.659826  1.974065  4.3868 1.460e-05 ***      
                idCAN          3.308955  0.629410  5.2572 2.346e-07 ***      
                idCHE         -2.594437  0.915689 -2.8333 0.0048314 **       
                idCHN         16.508492  3.536180  4.6685 4.103e-06 ***      
                idDEU          8.173761  1.290890  6.3319 6.299e-10 ***      
                idDNK         -3.013990  1.232800 -2.4448 0.0149069 *        
                idESP          5.448798  0.871466  6.2525 1.005e-09 ***      
                idFIN         -3.651973  1.203303 -3.0350 0.0025571 **       
                idFRA          6.013169  1.096756  5.4827 7.289e-08 ***      
                idGBR          6.577483  1.088451  6.0430 3.370e-09 ***      
                idIND         13.988933  3.410919  4.1012 4.947e-05 ***      
                idISR         -3.202135  0.951938 -3.3638 0.0008402 ***      
                idITA          5.572246  1.033107  5.3937 1.162e-07 ***      
                idJPN          5.118774  1.789554  2.8604 0.0044453 **       
                idKOR         -0.272703  1.586353 -0.1719 0.8635955          
                idNLD          1.263032  0.499963  2.5262 0.0118997 *        
                idNOR         -5.585723  1.389518 -4.0199 6.915e-05 ***      
                idRUS          5.360061  1.715870  3.1238 0.0019104 **       
                idSGP         -5.175331  1.369022 -3.7803 0.0001796 ***      
                idSWE         -3.228302  0.899098 -3.5906 0.0003694 ***      
                idTWN          1.904743  0.481654  3.9546 9.013e-05 ***      
                idUSA         12.063683  2.327293  5.1836 3.407e-07 ***      
                time2001      46.539189 14.042624  3.3141 0.0010000 ***      
                time2002      46.746053 14.048115  3.3276 0.0009542 ***      
                time2003      46.671330 14.058822  3.3197 0.0009807 ***      
                time2004      46.867023 14.061953  3.3329 0.0009366 ***      
                time2005      47.114177 14.067396  3.3492 0.0008846 ***      
                time2006      47.441166 14.075519  3.3705 0.0008207 ***      
                time2007      47.564715 14.079940  3.3782 0.0007986 ***      
                time2008      47.783743 14.086285  3.3922 0.0007598 ***      
                time2009      47.993955 14.093462  3.4054 0.0007250 ***      
                time2010      47.912112 14.101206  3.3977 0.0007451 ***      
                time2011      47.947490 14.107393  3.3987 0.0007424 ***      
                time2012      47.822947 14.111527  3.3889 0.0007688 ***      
                time2013      47.595962 14.117316  3.3715 0.0008178 ***      
                time2014      47.641116 14.122900  3.3733 0.0008124 ***      
                time2015      47.393917 14.128407  3.3545 0.0008682 ***      
                time2016      47.645958 14.134661  3.3709 0.0008195 ***      
                time2017      47.754237 14.140694  3.3771 0.0008017 ***      
                time2018      47.529917 14.146476  3.3598 0.0008520 ***      
                time2019      47.478623 14.150998  3.3551 0.0008662 ***      
                iis21         -2.050994  0.454191 -4.5157 8.235e-06 ***      
                iis44         -2.369700  0.448106 -5.2883 2.002e-07 ***      
                iis72          1.629347  0.448371  3.6339 0.0003142 ***      
                iis116        -2.188987  0.471433 -4.6433 4.609e-06 ***      
                iis194         1.677096  0.450074  3.7263 0.0002212 ***      
                iis269        -1.699958  0.456595 -3.7231 0.0002239 ***      
                iis382         1.301923  0.456812  2.8500 0.0045895 **       
                iis419         1.591584  0.451325  3.5265 0.0004681 ***      
                fesisAUS.2002  1.978749  0.504830  3.9196 0.0001037 ***      
                fesisAUS.2005 -1.034877  0.285295 -3.6274 0.0003220 ***      
                fesisAUT.2002 -1.261811  0.451001 -2.7978 0.0053848 **       
                fesisIND.2008  1.105446  0.232891  4.7466 2.852e-06 ***      
                fesisSGP.2007  2.094551  0.294668  7.1082 5.168e-12 ***      
                fesisSGP.2012 -1.339407  0.261092 -5.1300 4.457e-07 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                  Chi-sq df p-value        
                Ljung-Box AR(1)   2.4586  1 0.11688        
                Ljung-Box ARCH(1) 3.7849  1 0.05172 .      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.42714      
                R-squared           0.93104      
                Log-lik.(n=475)  -239.94059      
0.05

                Formula: ihs_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:45:06 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                  coef std.error  t-stat   p-value          
                ar1            0.28729   0.03671  7.8258 4.693e-14 ***      
                lgdp           0.91164   0.23009  3.9621 8.820e-05 ***      
                lpop          -3.98055   0.82432 -4.8289 1.968e-06 ***      
                idAUT         -1.16444   0.80992 -1.4377 0.1513064          
                idBEL         -0.50839   0.64597 -0.7870 0.4317456          
                idBRA          8.04974   1.83469  4.3875 1.474e-05 ***      
                idCAN          3.36722   0.56264  5.9847 4.878e-09 ***      
                idCHE         -2.18873   0.84671 -2.5850 0.0100969 *        
                idCHN         15.49115   3.34617  4.6295 4.984e-06 ***      
                idDEU          8.19501   1.19219  6.8739 2.455e-11 ***      
                idDNK         -3.07980   1.15346 -2.6700 0.0078979 **       
                idESP          5.54203   0.79366  6.9828 1.236e-11 ***      
                idFIN         -3.57964   1.12395 -3.1849 0.0015633 **       
                idFRA          5.95896   1.00917  5.9048 7.628e-09 ***      
                idGBR          6.59032   1.00021  6.5889 1.422e-10 ***      
                idIND         12.69080   3.19130  3.9767 8.315e-05 ***      
                idISR         -2.89531   0.88031 -3.2889 0.0010961 **       
                idITA          4.45078   1.01851  4.3699 1.592e-05 ***      
                idJPN          5.25846   1.76885  2.9728 0.0031321 **       
                idKOR         -0.74209   1.55054 -0.4786 0.6324847          
                idNLD          1.52982   0.44264  3.4561 0.0006076 ***      
                idNOR         -5.32129   1.29680 -4.1034 4.950e-05 ***      
                idRUS          4.86167   1.62139  2.9985 0.0028856 **       
                idSGP         -4.78389   1.27940 -3.7392 0.0002120 ***      
                idSWE         -1.89732   0.85260 -2.2253 0.0266239 *        
                idTWN          2.03524   0.41911  4.8561 1.730e-06 ***      
                idUSA         11.69971   2.17499  5.3792 1.286e-07 ***      
                time2001      41.54095  13.30590  3.1220 0.0019288 **       
                time2002      41.59236  13.31175  3.1245 0.0019130 **       
                time2003      41.70123  13.32220  3.1302 0.0018770 **       
                time2004      41.83511  13.32762  3.1390 0.0018231 **       
                time2005      42.01729  13.33447  3.1510 0.0017513 **       
                time2006      42.29422  13.34685  3.1689 0.0016499 **       
                time2007      42.51647  13.34698  3.1855 0.0015602 **       
                time2008      42.71620  13.35383  3.1988 0.0014916 **       
                time2009      42.97120  13.35764  3.2170 0.0014026 **       
                time2010      42.90327  13.36514  3.2101 0.0014357 **       
                time2011      42.93693  13.37117  3.2112 0.0014305 **       
                time2012      42.81672  13.37497  3.2013 0.0014793 **       
                time2013      42.57550  13.38059  3.1819 0.0015792 **       
                time2014      42.59805  13.38613  3.1823 0.0015772 **       
                time2015      42.43155  13.39026  3.1688 0.0016500 **       
                time2016      42.55685  13.39687  3.1766 0.0016074 **       
                time2017      42.70631  13.40182  3.1866 0.0015543 **       
                time2018      42.39804  13.40855  3.1620 0.0016881 **       
                time2019      42.41461  13.41106  3.1627 0.0016845 **       
                iis2           1.05894   0.41215  2.5693 0.0105568 *        
                iis17         -0.95704   0.39347 -2.4323 0.0154472 *        
                iis20          1.12710   0.38930  2.8952 0.0039997 **       
                iis21         -1.97136   0.39212 -5.0274 7.562e-07 ***      
                iis26         -1.13014   0.38694 -2.9207 0.0036937 **       
                iis44         -2.22548   0.38828 -5.7317 1.979e-08 ***      
                iis45          0.86798   0.39712  2.1857 0.0294282 *        
                iis56          1.29315   0.38704  3.3411 0.0009142 ***      
                iis57         -0.89528   0.39009 -2.2951 0.0222545 *        
                iis63          1.08923   0.39033  2.7905 0.0055179 **       
                iis72          1.16501   0.42171  2.7626 0.0060035 **       
                iis101        -1.36637   0.38685 -3.5321 0.0004612 ***      
                iis194         1.38693   0.39037  3.5529 0.0004272 ***      
                iis197        -1.13866   0.38935 -2.9245 0.0036491 **       
                iis269        -1.74962   0.39481 -4.4316 1.214e-05 ***      
                iis272         0.92451   0.39073  2.3661 0.0184580 *        
                iis281        -1.20369   0.38932 -3.0918 0.0021310 **       
                iis382         1.29222   0.39490  3.2723 0.0011609 **       
                iis395        -1.07507   0.38685 -2.7790 0.0057130 **       
                iis437        -1.01636   0.38766 -2.6218 0.0090859 **       
                fesisAUS.2002  1.51646   0.40829  3.7142 0.0002333 ***      
                fesisAUS.2009 -0.50791   0.20943 -2.4252 0.0157486 *        
                fesisBRA.2015  0.53942   0.21924  2.4605 0.0143043 *        
                fesisCHN.2002 -1.60046   0.46032 -3.4768 0.0005639 ***      
                fesisCHN.2004  1.90343   0.32312  5.8907 8.253e-09 ***      
                fesisDNK.2006  0.75979   0.20061  3.7873 0.0001760 ***      
                fesisFIN.2004  0.54513   0.24174  2.2550 0.0246803 *        
                fesisIND.2005  0.74100   0.29006  2.5546 0.0110047 *        
                fesisIND.2008  0.77686   0.25650  3.0287 0.0026178 **       
                fesisITA.2002  1.13342   0.38943  2.9104 0.0038144 **       
                fesisJPN.2004 -0.75495   0.24351 -3.1003 0.0020722 **       
                fesisNOR.2019  1.16051   0.38714  2.9976 0.0028933 **       
                fesisSGP.2007  2.21855   0.25895  8.5675 2.420e-16 ***      
                fesisSGP.2012 -1.44526   0.22718 -6.3618 5.540e-10 ***      
                fesisSWE.2003 -1.11567   0.28834 -3.8693 0.0001277 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                   Chi-sq df p-value        
                Ljung-Box AR(1)   0.83516  1 0.36078        
                Ljung-Box ARCH(1) 6.50751  1 0.01074 *      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.36678      
                R-squared           0.95172      
                Log-lik.(n=475)  -157.08029      

Max Count Wind

0.01

                Formula: max_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.01; AR: 1      
                      
                Date: Mon Feb  5 11:45:54 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.7354509  0.0175380 41.9346 < 2.2e-16 ***      
                lgdp           0.0432703  0.0105259  4.1109 4.781e-05 ***      
                lpop          -0.1132272  0.0404892 -2.7965 0.0054143 **       
                idAUT         -0.0393728  0.0362933 -1.0849 0.2786376          
                idBEL         -0.0197489  0.0272535 -0.7246 0.4690954          
                idBRA          0.2084204  0.0856399  2.4337 0.0153809 *        
                idCAN          0.0506647  0.0187351  2.7043 0.0071362 **       
                idCHE         -0.0760611  0.0394210 -1.9295 0.0543779 .        
                idCHN          0.3688903  0.1560649  2.3637 0.0185684 *        
                idDEU          0.1977774  0.0556179  3.5560 0.0004214 ***      
                idDNK         -0.1304745  0.0568771 -2.2940 0.0223072 *        
                idESP          0.1253856  0.0324036  3.8695 0.0001272 ***      
                idFIN         -0.0744230  0.0527884 -1.4098 0.1593610          
                idFRA          0.1216783  0.0434177  2.8025 0.0053161 **       
                idGBR          0.1494936  0.0430769  3.4704 0.0005760 ***      
                idIND          0.2929974  0.1512897  1.9367 0.0534868 .        
                idISR         -0.1007648  0.0417352 -2.4144 0.0162077 *        
                idITA          0.1164393  0.0405042  2.8747 0.0042584 **       
                idJPN          0.0095105  0.0738476  0.1288 0.8975922          
                idKOR         -0.1753014  0.0654902 -2.6768 0.0077380 **       
                idNLD          0.0170162  0.0134855  1.2618 0.2077480          
                idNOR         -0.1935169  0.0640117 -3.0232 0.0026618 **       
                idRUS          0.0446384  0.0705055  0.6331 0.5270157          
                idSGP         -0.0988765  0.0563631 -1.7543 0.0801449 .        
                idSWE         -0.1335953  0.0395789 -3.3754 0.0008088 ***      
                idTWN          0.0318780  0.0098786  3.2270 0.0013536 **       
                idUSA          0.2557969  0.1008993  2.5352 0.0116174 *        
                time2001       0.6977450  0.6229460  1.1201 0.2633513          
                time2002       0.6943541  0.6232271  1.1141 0.2658904          
                time2003       0.6968208  0.6234549  1.1177 0.2643728          
                time2004       0.6948985  0.6237294  1.1141 0.2659009          
                time2005       0.6968849  0.6240113  1.1168 0.2647544          
                time2006       0.7075672  0.6243815  1.1332 0.2577935          
                time2007       0.7062131  0.6247622  1.1304 0.2589939          
                time2008       0.7179955  0.6251755  1.1485 0.2514574          
                time2009       0.7260226  0.6255681  1.1606 0.2465010          
                time2010       0.7133311  0.6259428  1.1396 0.2551271          
                time2011       0.7192578  0.6263094  1.1484 0.2514836          
                time2012       0.6980430  0.6265832  1.1140 0.2659247          
                time2013       0.6963462  0.6267865  1.1110 0.2672417          
                time2014       0.7005785  0.6270421  1.1173 0.2645440          
                time2015       0.6996665  0.6272982  1.1154 0.2653603          
                time2016       0.7033698  0.6276835  1.1206 0.2631355          
                time2017       0.7101923  0.6279357  1.1310 0.2587314          
                time2018       0.6965036  0.6281821  1.1088 0.2681964          
                time2019       0.7026873  0.6283615  1.1183 0.2641131          
                iis141         0.0766576  0.0254170  3.0160 0.0027239 **       
                iis143         0.2606529  0.0253418 10.2855 < 2.2e-16 ***      
                iis146        -0.1791689  0.0286870 -6.2457 1.075e-09 ***      
                iis149         0.0762179  0.0283826  2.6854 0.0075450 **       
                iis152        -0.1687589  0.0283234 -5.9583 5.574e-09 ***      
                iis160         0.0778682  0.0267677  2.9090 0.0038267 **       
                iis162         0.1305270  0.0267532  4.8789 1.540e-06 ***      
                iis168         0.1193067  0.0266783  4.4720 1.009e-05 ***      
                iis170         0.2043706  0.0327132  6.2473 1.064e-09 ***      
                iis314         0.1561470  0.0239600  6.5170 2.151e-10 ***      
                iis463         0.2831131  0.0244854 11.5625 < 2.2e-16 ***      
                iis464         0.2257675  0.0248463  9.0865 < 2.2e-16 ***      
                iis465         0.3829693  0.0253266 15.1212 < 2.2e-16 ***      
                iis466         0.2046189  0.0269462  7.5936 2.199e-13 ***      
                iis469         0.2805471  0.0327079  8.5774 < 2.2e-16 ***      
                iis473         0.2258131  0.0283013  7.9789 1.557e-14 ***      
                fesisDEU.2006  0.0945564  0.0154195  6.1323 2.073e-09 ***      
                fesisDEU.2013 -0.0578830  0.0194440 -2.9769 0.0030879 **       
                fesisDEU.2016  0.0742866  0.0231751  3.2054 0.0014562 **       
                fesisDNK.2007  0.1547590  0.0175947  8.7958 < 2.2e-16 ***      
                fesisDNK.2012 -0.1801473  0.0212638 -8.4720 4.602e-16 ***      
                fesisDNK.2014  0.1085506  0.0213009  5.0961 5.347e-07 ***      
                fesisDNK.2018 -0.0728734  0.0269147 -2.7076 0.0070669 **       
                fesisJPN.2016 -0.0521060  0.0134841 -3.8643 0.0001299 ***      
                fesisUSA.2013 -0.0796466  0.0254320 -3.1317 0.0018648 **       
                fesisUSA.2015  0.1030856  0.0285687  3.6083 0.0003470 ***      
                fesisUSA.2017 -0.0653446  0.0231072 -2.8279 0.0049200 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                    Chi-sq df   p-value          
                Ljung-Box AR(1)    0.71924  1    0.3964          
                Ljung-Box ARCH(1) 57.33383  1 3.675e-14 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.02260      
                R-squared           0.98524      
                Log-lik.(n=475)  1162.56956      
0.05

                Formula: max_count_wind~ lgdp + lpop      
                top_25 (2000:2019); p.value: 0.05; AR: 1      
                      
                Date: Mon Feb  5 11:45:55 2024       
                Dependent var.: y       
                Method: Ordinary Least Squares (OLS)      
                Variance-Covariance: Ordinary       
                No. of observations (mean eq.): 475       
                Sample: 1 to 475       
                      
                SPECIFIC mean equation:      
                      
                                    coef  std.error  t-stat   p-value          
                ar1            0.7321759  0.0164457 44.5208 < 2.2e-16 ***      
                lgdp           0.0458723  0.0098713  4.6470 4.589e-06 ***      
                lpop          -0.1171576  0.0378247 -3.0974 0.0020911 **       
                idAUT         -0.0390142  0.0342401 -1.1394 0.2552112          
                idBEL         -0.0188266  0.0257498 -0.7311 0.4651273          
                idBRA          0.2148521  0.0801688  2.6800 0.0076688 **       
                idCAN          0.0521335  0.0174823  2.9821 0.0030395 **       
                idCHE         -0.0776022  0.0370147 -2.0965 0.0366682 *        
                idCHN          0.3767933  0.1464120  2.5735 0.0104292 *        
                idDEU          0.2121925  0.0522520  4.0609 5.890e-05 ***      
                idDNK         -0.1368478  0.0530740 -2.5784 0.0102842 *        
                idESP          0.1236562  0.0303567  4.0734 5.595e-05 ***      
                idFIN         -0.0746927  0.0497474 -1.5014 0.1340374          
                idFRA          0.1253467  0.0405772  3.0891 0.0021489 **       
                idGBR          0.1537089  0.0401836  3.8252 0.0001517 ***      
                idIND          0.2986550  0.1421612  2.1008 0.0362868 *        
                idISR         -0.1036657  0.0390711 -2.6533 0.0082919 **       
                idITA          0.1202406  0.0378234  3.1790 0.0015937 **       
                idJPN         -0.0094013  0.0710433 -0.1323 0.8947890          
                idKOR         -0.1894365  0.0620440 -3.0533 0.0024161 **       
                idNLD          0.0183246  0.0127451  1.4378 0.1512849          
                idNOR         -0.2009551  0.0596876 -3.3668 0.0008347 ***      
                idRUS          0.0419820  0.0667303  0.6291 0.5296260          
                idSGP         -0.1005603  0.0529941 -1.8976 0.0584773 .        
                idSWE         -0.1391734  0.0368273 -3.7791 0.0001816 ***      
                idTWN          0.0334664  0.0091668  3.6508 0.0002964 ***      
                idUSA          0.2663853  0.0945974  2.8160 0.0051052 **       
                time2001       0.6914176  0.5881765  1.1755 0.2404882          
                time2002       0.6880193  0.5884383  1.1692 0.2430128          
                time2003       0.6904551  0.5886547  1.1729 0.2415242          
                time2004       0.6884674  0.5889171  1.1690 0.2430891          
                time2005       0.6924784  0.5892138  1.1753 0.2405958          
                time2006       0.7013060  0.5895547  1.1896 0.2349335          
                time2007       0.7000498  0.5899187  1.1867 0.2360601          
                time2008       0.7121215  0.5902811  1.2064 0.2283775          
                time2009       0.7201238  0.5906274  1.2193 0.2234724          
                time2010       0.7070874  0.5910070  1.1964 0.2322501          
                time2011       0.7079126  0.5913509  1.1971 0.2319777          
                time2012       0.6863170  0.5916117  1.1601 0.2467134          
                time2013       0.6898085  0.5919302  1.1654 0.2445752          
                time2014       0.6935528  0.5921721  1.1712 0.2422203          
                time2015       0.6933641  0.5924207  1.1704 0.2425456          
                time2016       0.6976050  0.5927326  1.1769 0.2399284          
                time2017       0.7064463  0.5929703  1.1914 0.2342206          
                time2018       0.6903026  0.5932132  1.1637 0.2452579          
                time2019       0.6959784  0.5933870  1.1729 0.2415427          
                iis138        -0.0520560  0.0238583 -2.1819 0.0297038 *        
                iis141         0.0737299  0.0235124  3.1358 0.0018415 **       
                iis143         0.2587229  0.0234289 11.0429 < 2.2e-16 ***      
                iis146        -0.1848819  0.0249622 -7.4065 7.853e-13 ***      
                iis149         0.1429104  0.0246825  5.7900 1.432e-08 ***      
                iis151         0.1194452  0.0246996  4.8359 1.899e-06 ***      
                iis152        -0.1005338  0.0247931 -4.0549 6.038e-05 ***      
                iis160         0.0753767  0.0247549  3.0449 0.0024826 **       
                iis162         0.1293428  0.0247341  5.2293 2.758e-07 ***      
                iis164        -0.0972695  0.0249898 -3.8924 0.0001164 ***      
                iis165        -0.1114031  0.0247245 -4.5058 8.711e-06 ***      
                iis168         0.1192293  0.0246647  4.8340 1.916e-06 ***      
                iis170         0.2035554  0.0302695  6.7248 6.145e-11 ***      
                iis314         0.1344554  0.0235077  5.7196 2.103e-08 ***      
                iis322        -0.0616705  0.0246761 -2.4992 0.0128505 *        
                iis463         0.2770935  0.0224002 12.3701 < 2.2e-16 ***      
                iis464         0.2204201  0.0226409  9.7355 < 2.2e-16 ***      
                iis465         0.3782795  0.0230507 16.4107 < 2.2e-16 ***      
                iis466         0.2011607  0.0245251  8.2023 3.313e-15 ***      
                iis469         0.1965377  0.0228311  8.6083 < 2.2e-16 ***      
                iis470        -0.0832640  0.0231906 -3.5904 0.0003715 ***      
                iis473         0.2229625  0.0261791  8.5168 3.433e-16 ***      
                fesisDEU.2006  0.0873113  0.0151222  5.7737 1.566e-08 ***      
                fesisDEU.2013 -0.0533295  0.0157117 -3.3943 0.0007574 ***      
                fesisDNK.2007  0.1579352  0.0163348  9.6686 < 2.2e-16 ***      
                fesisDNK.2012 -0.0738228  0.0174705 -4.2256 2.959e-05 ***      
                fesisDNK.2018 -0.0713754  0.0248874 -2.8679 0.0043520 **       
                fesisESP.2011  0.1003819  0.0166237  6.0385 3.577e-09 ***      
                fesisESP.2013 -0.1129562  0.0171889 -6.5714 1.568e-10 ***      
                fesisJPN.2010  0.0329091  0.0124561  2.6420 0.0085674 **       
                fesisJPN.2016 -0.0591644  0.0156890 -3.7711 0.0001873 ***      
                fesisUSA.2017 -0.0470150  0.0167352 -2.8093 0.0052097 **       
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                      
                Diagnostics and fit:      
                      
                                     Chi-sq df   p-value          
                Ljung-Box AR(1)    0.078938  1    0.7787          
                Ljung-Box ARCH(1) 37.782542  1 7.909e-10 ***      
                ---      
                Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1      
                                                 
                SE of regression    0.02090      
                R-squared           0.98754      
                Log-lik.(n=475)  1202.38626